Tag: <span>Acquisition</span>

AqualisBraemar to acquire ship design firm OSD-IMT
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AqualisBraemar to acquire ship design firm OSD-IMT

Energy and marine consultancy AqualisBraemar LOC Group (ABL Group) has entered into an agreement to acquire the UK operations of ship design and marine consultancy company OSD-IMT from Damen Shipyards Group. OSD-IMT is a specialist consultancy in ship design for newbuild, refit and conversion projects. The company operates in all key marine markets – including...

ZeroNorth acquires vessel performance specialist Propulsion Dynamics
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ZeroNorth acquires vessel performance specialist Propulsion Dynamics

Maritime technology company ZeroNorth has acquired Copenhagen-based digital vessel performance company Propulsion Dynamics. Propulsion Dynamics offers full-scale digital twin ship performance analysis through its CASPER service. The fuel consumption tables provided by Propulsion Dynamics can directly support the industry’s decarbonisation trajectory, as well as the optimisation of a range of tramp shipping vessels, and particularly...

OneOcean acquires further voyage planning capability
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OneOcean acquires further voyage planning capability

OneOcean has acquired Shipping Guides, the pre-eminent provider of data and information on ports globally. The Guide to Port Entry intelligence will be integrated into the OneOcean platforms, further enhancing OneOcean’s voyage planning capability. Guide to Port Entry data has been built up over the last 50 years and is globally recognised for its static...

Alfa Laval acquires StormGeo
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Alfa Laval acquires StormGeo

Alfa Laval is to acquire StormGeo for NOK 3,630M (USD 442M) on a debt and cash free basis to accelerate its digital services offering and to add an additional tool to its decarbonising offering. Closing is expected during Q2 2021, subject to customary conditions. StormGeo will become part of Alfa Laval’s Marine Business Division. “The...

GreenSteam acquires the assets of Enerforce to enhance AI services
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GreenSteam acquires the assets of Enerforce to enhance AI services

GreenSteam, developers of vessel performance optimisation solutions, has acquired the assets of Greece-based maritime software specialist Enerforce Solutions and Consulting. The acquisition will enable GreenSteam to diversify and enhance its product offering driven by Liberty, an advanced noon reporting validation system. The current office of Enerforce will become GreenSteam’s offices in Piraeus, Greece. The Liberty...

Hempel announces plans to double business by 2025
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Hempel announces plans to double business by 2025

An ambitious new strategy by coatings supplier Hempel aims to double the company’s revenue and positive impact by 2025. While still securing paint and coatings supply globally in a challenging COVID-19 year and developing core business areas, a new strategy on how to focus the 105-year-old company has taken shape. Now defined as within the...

Kongsberg Digital acquires Danish maritime software company COACH Solutions
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Kongsberg Digital acquires Danish maritime software company COACH Solutions

Kongsberg Digital has acquired supplier of software solutions for vessel performance and monitoring, COACH Solutions. The new name will be KONGSBERG COACH Solutions. COACH’s vessel performance monitoring system was developed by Danish shipping company Clipper Group. In 2016 COACH was established as an independent company – COACH Solutions ApS – which has grown rapidly. Its...

Gula Skrinet acquires Caterpillar Propulsion
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Gula Skrinet acquires Caterpillar Propulsion

Gula Skrinet has reached an agreement with Caterpillar Luxembourg Sarl to acquire Caterpillar Propulsion AB and its subsidiaries.  The sale is expected to close on June 30, 2020.  Caterpillar Propulsion AB, formerly Berg Propulsion AB, is a manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. The proposed acquisition includes Caterpillar...

Kongsberg completes Rolls-Royce marine acquisition
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Kongsberg completes Rolls-Royce marine acquisition

Kongsberg Maritime parent company Kongsberg Gruppen (Kongsberg) has completed the acquisition of Rolls-Royce Commercial Marine (RRCM). RRCM will operate under the Kongsberg brand and the Kongsberg Maritime legal entity. The acquisition was completed today (April 1) following European Commission approval. Net proceeds after transaction costs and other adjustments are estimated to be around £350m to...

BW Tankers merges with Hafnia Tankers
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BW Tankers merges with Hafnia Tankers

Hafnia Tankers has completed a merger with BW Tankers under the laws of the Marshall Islands. NewSub will be the surviving entity. As part of the merger, the shareholders of Hafnia will receive consideration for their Hafnia shares in the form of common shares of BW Tankers. All the conditions for the merger have been...

Wärtsilä appoints Torsten Buessow to lead its Transas business
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Wärtsilä appoints Torsten Buessow to lead its Transas business

Wärtsilä has announced that Torsten Buessow has been appointed as director of the company’s Transas business. Torsten joins Wärtsilä from, DNV GL where he worked for more than a decade, first as a vice president of the company’s Maritime Software Business Unit, and then as a VP of Fleet Performance Management, its Maritime Digital Business...

UniSea takes stake in energy efficiency firm Yxney
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UniSea takes stake in energy efficiency firm Yxney

Marine and offshore software company UniSea has agreed a deal to take part ownership in Yxney, a Norway-based specialist in energy efficiency applications founded in 2016. “Yxney is experiencing rapid growth meeting the increasing demand for data-driven energy efficiency solutions in the offshore sector,” said Yxney CEO, Gjord Simen Sanna. “UniSea is a highly respected...