- Svitzer is now 93.4% owned by A.P. Moller Holding.
- Svitzer to remain independent under current leadership.
- A.P. Moller Holding plans compulsory acquisition of remaining shares.
The voluntary offer to acquire all outstanding shares in Svitzer Group, recommended by A.P. Moller Holding’s subsidiary APMH Invest A/S on April 2, 2025, has been completed. After the transaction, A.P. Moller Holding owns 93.4% of the share capital and voting rights in Svitzer, reports AP Moller.
Svitzer’s Role in Global Trade and Innovation
Svitzer is a major global player in the business of trade with towage and other terminal and port services. Svitzer has a solid position with digitalisation and innovative solutions that enhance efficiency in operations as well as facilitate the green shift in the maritime market.
Company Overview
Established in 1833 in Copenhagen, Svitzer has around 4,000 employees. It has a fleet of 456 ships working for about 2,000 customers in 141 ports and 40 terminals around the globe. Although owned by A.P. Moller Group, Svitzer will still maintain its independence with the current leadership and its traditional brand name that has been established for over 190 years.
CFO Martin Larsen’s Statement
“We would like to thank Svitzer’s shareholders for their trust in the company and their support throughout this process. We look forward to working closer with its management to further strengthen its market position and ensure that Svitzer remains a leading player in towage and maritime services.” says Martin Larsen, CFO of A.P. Moller Holding
Next Steps: Compulsory Acquisition and Delisting
A.P. Moller Holding plans to compulsorily acquire the outstanding shares in Svitzer and make an application for the delisting of Svitzer’s shares from Nasdaq Copenhagen. The delisting is intended to occur no later than Thursday, 22 May 2025.
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Source: AP Moller
