Founded in 1833 as a salvage company by Em. Z. Svitzer. Gradually diversified into towage, acquiring Det Forenede Bugserselskab in 1981, Goliath the following year and Claus Jørgensens Bugserbåde a year later. A controlling share was acquired by the A.P. Moller Maersk Group in 1979. The towage company Röda Bolaget was acquired in 1999 followed by the salvage and towage company Wijsmuller in 2001 and finally Adsteam Marine in 2007.