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REGIONAL AND GLOBAL EXPANSION In the mid 1990s the A.P. Moller-Maersk Group undertook a review of its portfolio of businesses in an effort to determine which could and should be developed further. It was determined that the core activities of SVITZER held opportunity for growth and had an attractive risk profi le relative to other activities of the Group. It was consequently decided that SVITZER should focus on geographic expansion of its core activities. Growth in salvage and emergency response/rescue services continued organically whereas towage activities realistically had to grow through acquisition. The A.P. Moller-Maersk Group was ready to back SVITZER fi nancially to support expansion. The fi rst move was made in 1999. SVITZER became a regional towage operator when it acquired the Swedish towage company Röda Bolaget from the Norwegian company Buksér og Berging AS. The acquisition of Wijsmuller in 2001 added harbour and terminal towage operations around the world. Wijsmuller was also a global salvage operator making SVITZER a leading operator in salvage once again. Ocean towage activities, operated in joint venture with Smit, were also part of the acquisition. The acquisition of Wijsmuller, which was roughly twice the size of SVITZER, was a major undertaking and a clear sign of the A.P. Moller-Maersk Group’s commitment to SVITZER – now a truly global towage and response operator. FOCUS ON DEVELOPING CORE BUSINESSES The acquisition and integration of Wijsmuller brought changes on several fronts. SVITZER decided to focus on towage and response services. These included harbour, terminal and ocean towage as well as emergency response/ rescue and salvage services. Survey activities as well as coal barges and crew boats were divested in 2003, 2006 and 2007 respectively. At the same time salvage expertise was anchored at Wijsmuller’s historic salvage facilities in IJmuiden, Holland to ensure a solid foundation for expansion. With the structure and activities now aligned, SVITZER was ready for the next step. In 2007 SVITZER acquired Adsteam, cementing its position in the UK and expanding into Australia. This was the single biggest investment ever undertaken by SVITZER. In 2007 Smit’s shares in the ocean towage joint venture were also acquired by SVITZER. During the same period SVITZER successfully expanded its terminal towage and emergency response/rescue services organically. Building on the expertise in emergency response SVITZER Salvage entered the wreck removal Ocean-going tug SMITWIJS ROTTERDAM in action. market. 58 S V I T Z E R – S A F E T Y A N D S U P P O R T AT S E A


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