Core Insights - Svitzer Group A/S has acquired a 66.6% stake in Buksér og Berging AS, a leading Norwegian towage and marine service company, pending regulatory approvals [1] - The acquisition aims to leverage shared knowledge and experience in global towage and marine solutions [1] Company Overview - Buksér og Berging AS specializes in marine services within ports and terminals, towage, offshore work, and complex marine operations in Norway [2] - Svitzer operates over 450 vessels globally and is a key player in the towage and marine services sector [2][8] Operational Structure - Buksér og Berging will continue to operate independently under its own brand, management, and strategy, with no integration activities planned [2] - CEO Vetle J. Sverdrup will retain a 33.4% shareholding and continue in his role [3] Fleet and Capabilities - Buksér og Berging has a fleet of approximately 35 tugs, 25 pilot boats, three ambulance vessels, and one service vessel for salmon farming [4][9] - The company is headquartered in Oslo, Norway, with additional offices in Stavanger and Fedje [4] Strategic Goals - The investment will enhance both companies' capabilities in maritime operations, innovation, and safety standards in the towage and marine services sector [5] - Svitzer's CEO, Kasper Nilaus, emphasized the potential for innovation and growth through this partnership [6]

Core Viewpoint - Svitzer Group A/S has requested the delisting of its shares from Nasdaq Copenhagen, which has been accepted, with the last trading day set for May 22, 2025, due to a compulsory acquisition by APMHI Invest A/S starting May 23, 2025 [1][2]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports and terminals [4]. - The company operates approximately 450 vessels and serves around 2,000 customers across more than 140 ports and 40 terminals in 37 countries [4]. - Founded in 1833, Svitzer plays a crucial role in critical port infrastructure [4].

Core Viewpoint - APMH Invest A/S has successfully completed its all-cash voluntary recommended purchase offer for Svitzer Group A/S, acquiring approximately 93.4% of the share capital and voting rights in Svitzer [2]. Group 1: Offer Completion - APMHI has announced that all conditions of the Offer have been satisfied, and the Offer is now complete [2]. - The Offer was made for all issued shares in Svitzer, excluding those owned by APMHI and any treasury shares [1]. - APMHI will hold approximately 93.4% of Svitzer's share capital and voting rights following the Offer [2]. Group 2: Settlement Details - The settlement of the Offer will be conducted in cash through shareholders' custodian banks, with the trading day for settlement expected to be May 16, 2025, and payment date anticipated on May 20, 2025 [3]. - Shareholders without a Danish bank account may experience delays in payment [3]. Group 3: Compulsory Acquisition and Delisting - APMHI will initiate a compulsory acquisition of shares held by remaining minority shareholders on May 23, 2025, as it will hold over 90% of Svitzer's share capital [4]. - The price per share in the compulsory acquisition will be DKK 277, which corresponds to the price paid in the Offer, adjusted for dividends [5]. - APMHI plans to remove Svitzer shares from trading on Nasdaq Copenhagen A/S before the compulsory acquisition, with the last trading day expected to be May 22, 2025 [6]. Group 4: Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports [7]. - The company operates around 450 vessels and serves approximately 2,000 customers across more than 140 ports and 40 terminals in 37 countries [7].

Company Overview - APMH Invest A/S, a wholly owned subsidiary of A.P. Møller Holding A/S, has made an all-cash voluntary recommended purchase offer to acquire all issued shares in Svitzer Group A/S, excluding shares owned by APMHI and treasury shares [1] - Svitzer is a leading global towage and marine services provider, founded in 1833, operating approximately 450 vessels and serving around 2,000 customers in over 140 ports and 40 terminals across 37 countries [3] Offer Details - APMHI has received acceptances representing approximately 93.4% of the entire share capital and voting rights in Svitzer, based on preliminary results [2] - The final result and completion of the Offer are expected to be announced on May 16, 2025 [2] Industry Context - Svitzer's services are critical for port infrastructure, assisting large seaborne vessels in maneuvering in and out of ports and terminals [3]

Core Viewpoint - APMH Invest A/S (APMHI) has extended its all-cash voluntary recommended purchase offer for Svitzer Group A/S shares until May 14, 2025, to obtain necessary regulatory approvals [2][3]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports and terminals. The company operates over 450 vessels and serves approximately 2,000 customers across more than 140 ports and 40 terminals in 37 countries [6]. Offer Details - APMHI's offer aims to acquire all issued shares in Svitzer, excluding those owned by APMHI and any treasury shares held by Svitzer [1]. - As of the latest update, APMHI has received acceptances representing approximately 90.7% of Svitzer's share capital and voting rights, satisfying the minimum acceptance condition [3]. - Shareholders who have accepted the offer remain bound by their acceptance through the extended offer period [4]. Regulatory Approvals - The extension of the offer period is necessary to secure approval from the UK Secretary of State under the National Security and Investment Act 2021, with prior approval already obtained from the Swedish Inspectorate of Strategic Products [2].