NAVTOR, an e-Navigation and efficiency expertise supplier to the maritime trade, and Voyager Worldwide, a supplier of maritime expertise options, have agreed to merge.
The mixed firm will ship merchandise and options to roughly 18,000 vessels globally. The transaction is anticipated to shut by December 2023.
Both corporations present maritime expertise options that allow delivery corporations to enhance security, effectivity, compliance, and operational efficiency, and drive enterprise benefits from their maritime fleet.
“In today’s dynamic maritime market, ship owners, operators and managers seek to have smarter, safer and greener shipping operations – and best-in-class fleet operations technology is a vital contributor towards those goals,” the 2 corporations mentioned in an announcement.
“This is perhaps the biggest day in NAVTOR’s history, and a major development for the maritime technology industry,” mentioned Tor Svanes, CEO and founding father of NAVTOR. “Here are two different and highly complementary businesses, both of which have built trusted portfolios and relationships with ship owners, operators and managers worldwide. As one company, we will strengthen our position as a global e-Navigation and performance market leader and unlock powerful benefits for customers.”
According to the 2 companies, the mixed enterprise will boast an in depth community of worldwide workplaces and representatives catering to all of delivery’s key markets.
NAVTOR’s present built-in digital ecosystem presents options spanning e-Navigation and efficiency monitoring and administration, together with the fleet administration platform, NavFleet and digital chart desk, NavStation which options superior passage planning. Voyager presents e-Navigation, vessel administration, charts, and publications portfolio.
Both companies will proceed to function business-as-usual and shoppers can count on continued assist on options and companies choices, together with the supply of their contractual obligations.
“Nothing will change in the short term and clients can expect the same level of service and support as before, from NAVTOR and Voyager Worldwide respectively. In particular, Voyager Worldwide will continue to support its clients’ digitalization journey, including those shifting from paper to more digital solutions gradually, as well as supporting clients who still require paper products,” the businesses mentioned.
“Together with Tor, I see this as an unbelievable alternative,” quoted Kent Lee, CEO of Voyager Worldwide. “Both companies will unite Norway and Singapore’s maritime innovation ecosystems to drive maritime innovation to new heights. This represents an enormous opportunity to go after areas where we see tremendous growth potential. NAVTOR’s current offerings will rapidly accelerate and complement the development of our next-gen platform and solutions, advancing new joint innovations within the maritime ecosystem. NAVTOR’s customers can also leverage Voyager’s extensive global presence and deep domain expertise in the maritime industry.”
