A.P. Møller- Mærsk A/S (Maersk) initiates demerger and separate listing of its towage and marine service activities (Svitzer)
Copenhagen: In connection with the A.P. Møller - Mærsk A/S (Maersk) Q4 announcement today (8 February 2024) Maersk announced that it has decided to initiate a separation and public listing of its towage and marine services activities in Svitzer through a demerger.
Svitzer CEO Kasper Nilaus said: “We were established by Emil Z. Svitzer in 1833 to prevent the loss of life and capital at sea. We have built on that legacy over many years and are widely recognised within the maritime and shipping sector as a trusted partner.”
“The announcement today signals an exciting new chapter for Svitzer, one that ensures our commitment to delivering efficient, reliable and safe towage and marine services to our valued customers is as strong and dynamic as ever.”
Svitzer has been part of the Maersk Group of companies for more than 40 years.
In 1979 Maersk became a majority shareholder of Svitzer and acquired it shortly after.
You can read more on the Maersk announcement here: https://investor.maersk.com/news-releases/news-release-details/initiates-demerger-and-separate-listing-its-towage-and-marine
