A.P. Møller Holding, through its subsidiary APMH Invest, has made a cash offer to acquire all issued shares of Svitzer Group. APMH currently owns 47% of Svitzer’s share capital and voting rights. The offer values Svitzer at approximately $1.3 billion, representing a 31.7% premium over the closing share price on April 1, 2025. APMH has been the largest shareholder of Svitzer since its listing on Nasdaq Copenhagen in April 2024.
The decision to delist Svitzer and take it into private ownership is based on APMH’s belief that this move will better support Svitzer’s growth and market position. APMH acknowledges Svitzer’s strong operational and financial performance and believes that private ownership will benefit the company in a competitive and consolidating industry. The offer provides an opportunity for shareholders to realize a cash premium for their shares, with the Svitzer Board of Directors recommending acceptance of the offer.
If the offer is completed as expected around May 2, 2025, Svitzer will remain an independent company with its current management and strategy. There are no planned material changes for employees or general employment terms as a result of the acquisition. APMH’s intention is for Svitzer to continue operating under its current name and brand, which has been in existence for over 190 years.
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