Svitzer buys into Norwegian maritime services company

Denmark-based towage service provider Svitzer has acquired a majority stake in Norwegian maritime services company Buksér og Berging.

By acquiring a 66.6% stake in the Norwegian company, subject to final regulatory approvals, Svitzer aims to leverage shared knowledge and experience in the global towage, offshore, adjacent maritime service, and marine solution markets.

The transaction does not include integration activities for either company, and Buksér og Berging will continue to operate as a standalone company under its own brand, management, value, and strategy, Svitzer explained.

CEO of Buksér og Berging, Vetle J. Sverdrup, will continue in his role and maintain a 33.4% shareholding position and active ownership of the business.

Buksér og Berging owns a fleet of about 35 tugs, including the recently delivered hybrid tugboat, 25 pilot boats, three ambulance vessels, and one service vessel for salmon farming (delousing vessel).