AP Moller Holdings (APMH) Friday said the recommended voluntary purchase offer for all issued shares in Svitzer Group, made through its subsidiary APMH Invest on April 2, 2025, has been successfully completed.
APMH now owns 93.4 per cent of the share capital and voting rights in Svitzer.
APMH said it intends to compulsory acquire the remaining shares in Svitzer and to apply for the delisting of Svitzer’s shares from Nasdaq Copenhagen. The delisting is expected to take effect no later than this Thursday.
Founded in 1833 and headquartered in Copenhagen, Svitzer employs around 4,000 people and operates a fleet of 456 vessels serving around 2,000 customers in 141 ports and 40 terminals worldwide.
As part of the AP Moller Group, APMH said Svitzer would continue to operate independently under its current leadership and retain the Svitzer brand.
“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,” said Martin Larsen, CFO of APMH.