The Maersk family has launched a bid to regain full control of Svitzer Group A/S, offering 9 billion kroner ($1.3 billion) to acquire the 53% of the company it does not already own. The offer, made through APMH Invest A/S, the family’s investment arm, is an all-cash deal valuing Svitzer at 285 kroner per share—marking a 32% premium over Tuesday’s closing price.

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Svitzer, a Danish marine service provider, was spun off from A.P. Moller-Maersk A/S about a year ago but has struggled to attract significant investor interest, with shares losing around 8% since its listing on Nasdaq Copenhagen. APMH Invest stated that it believes taking the company private again will better support its long-term growth.

Svitzer’s board has recommended the offer, with Chairman Morten Engelstoft emphasizing that an independent fairness opinion was obtained and that all shareholders would be treated equally. Engelstoft, a veteran of various Maersk companies, expressed confidence that the Maersk family would provide strong financial backing and strategic direction to support Svitzer’s development.

APMH Invest, controlled by A.P. Moller Holding A/S, has confirmed its commitment to remaining a long-term investor in Svitzer, with no plans to sell or offload shares. The deal has already received backing from investors representing approximately 61% of Svitzer’s share capital.

A.P. Moller Holding, led by Robert Maersk Uggla, manages investments across various sectors, including A.P. Moller-Maersk, the world’s second-largest shipping line, and Danske Bank A/S. The holding company controls assets worth over 800 billion kroner, reinforcing its ability to guide Svitzer’s future growth under private ownership.