Reiten becomes a major shareholder in Scanship Holding ASA

Reiten & Co, an Oslo, Norway private equity house, announced the purchase 31.5 million shares in Scanship Holding AS from Teco Group AS, and will thus become the company’s largest shareholder with an ownership interest of 32.98 %.

Scanship Holding is a maritime industry leader in advanced technologies for processing waste and purifying water. Owners operating their systems have the solution to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent, which meets the highest international discharge standards.

The company works with clients including Norwegian Cruise Line, Royal Caribbean International, TUI, Carnival Cruise Line, Costa Asia, P&O Australia, MSC, Viking Ocean Cruises, Hurtigruten and Silversea.