Danish towage giant Svitzer has acquired a 66.6% stake in Norwegian towage and marine services company Buksér og Berging (BOB).
The deal, which remains subject to final regulatory approvals, will see BOB continue operating as an independent company under its own brand, management, and strategy. Chief executive Vetle Sverdrup will retain a 33.4% shareholding and remain in charge of day-to-day operations.
Founded in 1913, Oslo-based Buksér og Berging operates a fleet of around 35 tugs, 25 pilot boats, three ambulance vessels, and one delousing vessel serving the aquaculture industry. The company employs roughly 450 crew and 38 shore-based staff, with operations spanning Norwegian ports and offshore sectors.
Svitzer, which operates more than 450 vessels worldwide, said the investment creates opportunities for both companies to share expertise in towage, offshore support, and marine infrastructure operations.
“Buksér og Berging, like Svitzer, has a proud heritage,” said Svitzer CEO Kasper Nilaus. “Together we will drive innovation and growth, further strengthen our decarbonisation efforts, and enhance the safety and service we deliver to customers.”
Sverdrup said the deal allows BOB to continue its legacy “with a strategic partner that is a highly regarded global company with long-term ambitions for our success.”
No integration between the two businesses is planned, with both companies expected to continue operating independently while exploring cooperation opportunities in technology, vessel design, and operational standards.
