Marine solutions
Search documents
Buksér og Berging and Svitzer join forces
Globenewswire· 2025-11-10 15:31
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]