Businesses with a positive impact on society
“… the ultimate aim is not so much a high dividend distribution, as the build-up of useful activities.”
A.P. Møller, 1953
‘Nyttig virksomhed’ is at the core of what we do
The A.P. Moller Group is a diversified group of industry leading companies, independently run with dedicated boards and executive teams.
Though they operate in different sectors and industries, every A.P. Moller Group company delivers a service or product that has a positive impact on society – ‘nyttig virksomhed’. This shared underlying purpose ties the Group together – along with our heritage and a close association to the Maersk values.
'Nyttig virksomhed’ builds on A.P. Møller’s life goal of ‘building businesses with a positive impact on society ’, which can take many forms. For example, A.P. Moller – Maersk enables global trade, KK Wind Solutions is key to the green transition, and Faerch produces innovative sustainable food packaging. ‘Nyttig virksomhed’ is also a key criterion when expanding the Group and sowing the seeds for a successful future.
A.P. Moller Holding is the Group’s parent company. Ultimately, the Group is owned by the A.P. Moller Foundation.
ONE
INVESTOR
USD 32bn
net asset value*
USD
56bn
consolidated revenue*
125,000+ employees
120+
years of heritage
*consolidated figures
We seek to drive long-term momentum and impact
The Group’s activities lie within four overall themes, all relevant for multiple business cycles.
GLOBAL TRADE
Global trade is key to prosperity as it enables income and growth for people and societies. We enable global trade in different ways, for example by facilitating more efficient logistics for countries and companies across the globe, and by building critical infrastructure.
CIRCULARITY,
WATER & WASTE RECOVERY
Global consumption of resources is not in balance with our planet's ability to regenerate. Sustainable replacements are being adopted and the use and utilisation of resources must be optimised. We are committed to the development towards circular rather than linear production and consumption models.
THE ENERGY TRANSITION
Our societies depend on a steady and reliable energy supply. At the same time, our planet needs to urgently transition from hydrocarbon-based energy to sustainable energy sources. We are focused on helping to make this transition possible in a way that is reliable, secure, and responsible.
DEMOGRAPHIC & SOCIETAL CHANGE
Across both mature and emerging economies, population demographics are changing. These slow-moving but largely inevitable demographic and societal factors are transforming our societies. We investigate digital and automated ways of working to address the welfare challenges arising from demographic change.
The A.P. Moller Group is a diversified group of industry leading companies
A.P. Moller – Maersk
An integrated transport and logistics company working to connect and simplify its customers’ supply chains. The company is a global leader in shipping activities.
Revenue 2023: USD 51.1bn Employees: 100,000+
Danske Bank
Denmark’s largest bank. Its core business includes private, business, institutional customer segments, and other financial services to the Nordic markets.
Total income 2023: DKK 52.4bn Employees: 20,000+
Unilabs
A leading diagnostics services provider in Europe, focusing on laboratory testing, pathology, and radiology. The company services both public and private healthcare providers across multiple countries.
Revenue 2023: EUR 1.6bn Employees: 11,420
Faerch
A leading supplier of circular packaging solutions to the global food industry, serving leading food manufacturers and retailers around the world.
Revenue 2023: EUR 1.3bn Employees: 5,487
A leading offshore drilling company for the oil and gas industry. The company owns and operates one of the youngest and most advanced fleets in the offshore drilling industry.
Revenue 2023: USD 2.6bn Employees: 3,600
Svitzer
A global leader in sustainable marine services. The company provides critical towage infrastructure and maritime solutions, enabling ships and goods to navigate through ports efficiently and safely.
Revenue 2023: DKK 5.8bn Employees: 4,000
A leading provider of global offshore marine services for the energy sector, including oil and gas companies, offshore renewable companies and subsea contractors.
Revenue 2023: USD 1.7bn* Employees: 5,685*
*Combined Maersk Supply Service and DOF
Maersk Tankers
A service company providing commercial management solutions for shipowners in the tanker industry. The company operates one of the largest tanker fleets in the world.
Revenue 2023: USD 0.5bn Employees: 221
KK Wind Solutions
A leading global supplier of power electronic system solutions for the wind turbine industry, offering a wide range of products and services to wind turbines and parks.
Revenue 2023: DKK 5.5bn Employees: 2,476
Concentric
A global leader in pump, fan and thermal management solutions for the commercial vehicle market, helping customers increase fuel efficiency, reduce emissions and improve engine control.
Revenue 2023: EUR 0.4bn Employees: 1,300
A.P. Moller Capital
An infrastructure fund manager focusing on high growth markets, combining attractive risk adjusted returns with a positive impact on society.
Innargi
A geothermal heating company, aiming to heat millions of urban homes while leaving zero impact on our planet.
ZeroNorth
A technology company providing a range of software solutions that enable the shipping industry to reduce its impact on the climate while maintaining commercial performance.
A methanol production company aiming to develop and operate green methanol production facilities to supply both the chemical and shipping sectors.
Maersk Offshore Wind
A provider of installation services to the offshore wind market based on a new and state-of-the-art offshore Wind Installation Vessel concept paving a faster route to power and revenue generation.
A company aiming to pioneer the defossilisation of the chemical sector by using green methanol to produce fossilfree polypropylene and polyethylene at a commercial scale.
C2X
Vioneo
A.P. Moller Holding – owners with a purpose
As the parent company of the Group, A.P. Moller Holding invests in and builds businesses that have a positive impact on society – ‘nyttig virksomhed’.
A.P. Moller Holding is an engaged and active owner, exercising its influence through the Group companies' Boards of Directors. By leveraging the Group’s global networks and insights derived from more than 120 years of business building, A.P. Moller Holding aspires to generate long-term shareholder and societal value.
Investing for the future
We build scalable platforms in areas where we can leverage momentum to drive long-term value and impact. When investing in new businesses, we use three overall selection criteria:
We focus on themes where we see long-term, secular growth trends.
We prioritise companies which can utilise and leverage the strengths and capabilities accumulated across our Group throughout more than 120 years.
LONG-TERM MEGA TRENDS
OUR VALUE ADD
FOCUS AREA
We strive to fulfil our Group’s long-standing purpose of ‘nyttig virksomhed’ (having a positive impact on society).
‘NYTTIG VIRKSOMHED’
Building a portfolio of platforms
We leverage our knowledge, expertise, and experience across four different mandates:
PRINCIPAL HOLDINGS
Large control-oriented investments in companies backed by solid long-term mega trends. The principal holdings are platforms for deployment of additional capital over time for organic and inorganic expansion.
GROWTH EQUITY
Patient minority investments in late-stage growth businesses. In addition to generating attractive financial returns, the growth equity initiatives serve to enhance domain knowledge within our core focus areas.
SCALE-UPS
Rooted in our Group’s entrepreneurial legacy and spirit, we selectively initiate incubation projects and build new businesses.
PUBLIC MARKETS
Active concentrated global strategies focusing on high quality companies at attractive valuations across asset classes, sectors, and themes.
A hub for networking and collaboration
A.P. Møller House is the home of A.P. Moller Holding and a hub for many of the Group's activities.
From A.P. Møller House, A.P. Moller Holding encourages and facilitates collaboration, networking, and sharing of best practices. By engaging across the Group and sharing our insights, we all benefit from a powerful pool of talent, industrial relationships, and wide-ranging industry know-how.
The building was constructed in 1873 to accommodate the Royal Danish Nautical Chart Archives. We named it A.P. Møller House after our founder, A.P. Møller (1876-1965).
“Our values are a constant in an ever-changing world, an anchor and a beacon for us all. They are a link to the past, give us guidance today and will hopefully remain an integral part of our future.”
ANE M. M. UGGLA Chairman of the Board at A.P. Moller Holding and the A.P. Moller Foundation
We are guided by our five core values
CONSTANT CARE
Take care of today, actively prepare for tomorrow.
HUMBLENESS
Listen, learn, share, give space to others.
OUR NAME
The sum of our values, passionately striving higher.
UPRIGHTNESS
Our word is our bond.
OUR EMPLOYEES
The right environment for the right people.
The A.P. Moller Foundation
A.P. Moller Holding is owned by the A.P. Moller Foundation, a Danish philanthropic commercial foundation. It was established in 1953 by A.P. Møller with the support of his children in order to safeguard the long-term viability of the A.P. Moller Group and the adherence to the core values and principles. The Foundation is named after A.P. Møller and his wife Chastine Mc-Kinney Møller.
Every year, the Foundation donates funds to a number of social, cultural, and educational projects in Denmark, Southern Schleswig, Greenland, the Faroe Islands, and the other Nordic countries.
Examples of prominent projects in recent years
THE OPERA PARK
The Opera Park, situated next to the Royal Danish Opera House in Copenhagen, revitalises the area with a beautiful green oasis on the surface and improves the means of access and parking underground. The Opera Park was designed by the Danish architecture studio Cobe and was inaugurated in 2023.
MÆRSK TOWER
The Mærsk Tower is a state-of-the-art research building in Copenhagen. It accommodates the University of Copenhagen's Faculty of Health and Medical Sciences with 15 floors of modern lecture halls and cutting edge laboratories. The building was designed by the renowned Danish architecture studio C.F. Møller and has obtained several architectural awards.
MAERSK BRIDGE
In response to the Covid-19 pandemic, the A.P. Moller Group established the Maersk Bridge: an air bridge and supply chain operation to secure the delivery of PPE to healthcare workers and thereby reduce the risk of transmitting Covid-19 in hospitals. The A.P. Moller Foundation donated the first shipment in 2020.
HAMMERSHUS
Hammershus is Northern Europe’s largest castle ruin, erected in the 13th century on the northern tip of Bornholm. In 2012, a careful restoration of the two-kilometre wall and 20,000 m2 stone masonry was initiated, and in 2018 a new visitor centre was added to accommodate the more than 500,000 annual visitors.
MÆRSK MC-KINNEY MØLLER CENTER FOR ZERO CARBON SHIPPING
In 2020, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping was launched by the A.P. Moller Foundation and a group of leading industry players with the purpose of developing new net-zero fuel types and technologies.
DANISH PUBLIC SCHOOL DONATION
In 2013, the A.P. Moller Foundation decided to donate DKK 1bn to strengthen Danish public education. The objective is to increase the pupils’ learning and welfare by enhancing the qualifications of teachers and developing new teaching tools. More than 100 projects have been funded so far.
Building on 120+ years of heritage
The seven-pointed star has embodied our Group's activities since 1886.
Ane Møller occasionally accompanied her husband, Captain Peter Mærsk Møller, on his ships during the latter part of the 19th century, and at one point fell seriously ill on a voyage with him. In a letter, Peter Mærsk Møller describes how this incident was the origin of the star:
“The little star on the funnel is a reminder of the evening I prayed for you so dejectedly and anxiously, asking for the sign that I might see a star in the grey, overcast sky, a reminder that the Lord hears our prayers.”
Ane Møller soon recovered and the star was chosen to guide the family’s shipping venture. When Peter Mærsk Møller acquired the steamship ‘Laura’ in 1886, he had its black funnel ringed with a blue band with a white seven-pointed star on each side.
1886
Captain Peter Mærsk Møller established The Steamship Company Laura.
1904
Supported by his father, A.P. Møller established the Steamship Company Svendborg, and later the Steamship Company of 1912. The companies were merged to form A.P. Moller – Maersk in 2003.
1928
A.P. Møller was elected Chair of the Board of Danske Bank. Maersk Tankers was established.
1953
The A.P. Moller Foundation was established.
1965
Mærsk Mc-Kinney Møller assumed the leadership of the A.P. Moller Group.
1967
Maersk Supply Service was established. The company was merged with DOF in 2024.
1979
Svitzer was acquired by the A.P. Moller Group.
1986
Ane M.M. Uggla joined the Board of the A.P. Moller Foundation.
2013
A.P. Moller Holding was established to be the investment company of the A.P. Moller Foundation. Robert M. Uggla became the CEO in 2016.
2017
A.P. Moller Capital and Innargi were established.
2019
KK Wind Solutions joined the A.P. Moller Group. Maersk Drilling was merged with Noble.
2020
ZeroNorth was spun off from Maersk Tankers.
2021
Faerch and Nissens Cooling Solutions were acquired. Nissens became part of KK Wind Solutions in 2023.
2022
Unilabs joined the Group.
2023
C2X was established.
2024
Maersk Offshore Wind was spun off from Maersk Supply Service. Vioneo was established. Concentric was acquired.
Edition 2.4 2024 apmoller.com
Cover
Birthe Melchiors
P2-3
KK Wind Solutions
P5
Febiyan / Unsplash
P6-7
Mourad Saadi / Unsplash
P9
Verity
P13
Faerch
P14
Manuel Meurisse / Unsplash
P17
Melissa Askew / Unsplash
P18
Torben Eskerod
P20
Steen Brogaard
P23
COBE
Shutterstock
Adam Mørk
Jens Lindhe
Andrew Ebrahim / Unsplash
P24
A.P. Moller – Maersk
P26-27
Tom Lindboe / A.P. Moller – Maersk