Svitzer takes 66.6% stake in Norway\u2019s Buks\u00e9r og Berging
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Copenhagen-headquartered Svitzer Group A\/S has acquired a 66.6% stake in leading Norwegian towage and marine service company Buks\u00e9r og Berging AS,<\/a> subject to final regulatory approvals.<\/p>\n Svitzer says that there are no integration activities related to the transaction for either company and Buks\u00e9r og Berging will continue to operate as a standalone company under its own brand, management, values and strategy. Svitzer says its investment represents a partnership opportunity for both companies, with a view to leveraging their extensive shared knowledge and experience of the global towage, offshore, adjacent maritime services and marine solution markets.<\/p>\n Established in 1913, Buks\u00e9r og Berging AS is a leading supplier of marine services within port and terminals, towage, offshore work and complex marine operations in Norway. Headquartered in Oslo, with branch offices in Stavanger and Fedje, outside Bergen, it has an advanced fleet of about 35 tugs, 25 pilot boats, three ambulance vessels and one service vessel for salmon farming (delousing vessel).<\/p>\n Svitzer operates more than 450 vessels globally.<\/p>\n There are no integration activities related to the transaction for either company and Buks\u00e9r og Berging will continue to operate as a standalone company under its own brand, management, values and strategy.<\/p>\n Buks\u00e9r og Berging CEO Vetle J. Sverdrup, will continue in that role and maintain a 33.4% shareholding position and active ownership of the business.<\/p>\n \u201cOur leadership in the Norwegian towage and marine contracting markets is built on our values, tradition and the extensive operational and technical knowledge of our capable teams and their drive to solve challenges for customers,\u201d he says. \u201cThe investment by Svitzer presents an opportunity to continue our legacy and deepen our capabilities with a strategic partner that is a highly regarded, global company with long-term ambitions for Buks\u00e9r og Berging\u2019s success.\u201d<\/p>\n \u201cBuks\u00e9r og Berging, like Svitzer, has a proud heritage, and our investment is an exciting opportunity for us to join forces and share our respective expertise and leadership positions in the towage and maritime infrastructure markets,\u201d said Svitzer CEO Kasper Nilaus.<\/a> \u201cI am confident together we will drive innovation and growth for both companies, further cement our decarbonization credentials, and above all strengthen the value, safety and service offered to customers and their supply chains.\u201d<\/p>\n The post Svitzer takes 66.6% stake in Norway\u2019s Buks\u00e9r og Berging<\/a> appeared first on Marine Log<\/a>.<\/p>\n<\/div>\n