A.P. Møller Holding Makes Offer to Acquire Svitzer Group

A.P. Møller Holding, a prominent Danish conglomerate, has announced its intention to acquire Svitzer Group through its subsidiary APMH Invest (APMHI). The all-cash voluntary recommended purchase offer is aimed at acquiring all issued and outstanding shares of Svitzer, a global leader in towage and marine services.

Currently, A.P. Møller Holding holds a 47% stake in Svitzer. The offer price values Svitzer’s total share capital at approximately $1.3 billion (DKK 9.0 billion), representing a premium of 31.7% over the closing share price on April 1, 2025.

APMHI, the largest shareholder of Svitzer since its listing on Nasdaq Copenhagen in April 2024, believes that delisting and transitioning to private ownership will better support Svitzer’s growth trajectory. This move is deemed essential for maintaining Svitzer’s market position in an industry undergoing consolidation.

Commenting on the offer, Morten H. Engelstoft, Chair of Svitzer’s Board of Directors, stated, “The Offer from A.P. Møller Holding acknowledges the strong operational and financial performance of Svitzer. We recommend our shareholders to accept the Offer, which provides an opportunity to realize a cash premium for their shares.”

It is emphasized that Svitzer will retain its independence, management team, and strategic direction post-acquisition. The company will continue to operate under its established name and brand, which has been synonymous with excellence for over 190 years.

Additionally, there are no planned changes to the employment terms or conditions for Svitzer’s employees following the completion of the offer. APMHI anticipates the offer to be finalized by May 2, 2025, with settlement soon after.