What's Happening?
Svitzer Group A/S, a global provider of towage and marine solutions, has acquired a 66.6% stake in Buksér og Berging AS, a Norwegian marine service company. This acquisition is subject to final regulatory approvals and represents a strategic partnership
aimed at leveraging shared knowledge and experience in the global towage and marine solutions markets. Buksér og Berging will continue to operate independently under its own brand and management, with CEO Vetle J. Sverdrup retaining a 33.4% shareholding and active ownership.
Why It's Important?
This acquisition is significant for the maritime industry as it strengthens Svitzer's position in the global towage and marine solutions market. By maintaining Buksér og Berging's operational independence, Svitzer can benefit from the company's established presence and expertise in Norway, particularly in port and terminal services, offshore work, and complex marine operations. The deal could enhance Svitzer's service offerings and expand its market reach, potentially leading to increased competitiveness and growth opportunities.
