With an expected transaction closing date for the fourth quarter of 2024, the joining of DOF and MSS will bring a combined market cap of approximately US2.3 billion (as of June 2024), creating one of the largest oil service companies on the Oslo Stock Exchange. CEO of DOF, Mons Aase said, "The announced transaction today marks a strategic milestone for the DOF Group, driven by a strong industry rationale and a shared vision with A.P.Moller Holding, who will indirectly become a major shareholder". "We will enhance the customer experience through increased scale, global reach, and industry-leading services, combining the strong capabilities and decades of experience of DOF and Maersk Supply Service." Christian Ingerslev, CEO of MSS detailed Maersk's rationale for the acquisition, "This long-term solution for Maersk Supply Service's OSV activities together with DOF Group is founded on our shared values and unwavering commitment to safety and efficiency of our operations".