Over the last two months, the maritime and offshore satellite connectivity market has been sparked with a bout of merger and acquisition activities, writes Joshua Flood, senior research consultant at Valour Consultancy.
Marlink Group, backed by Apax Partners (France), has signed a definitive agreement to acquire 100 per cent of ITC Global from Panasonic.
DNV GL will change its name to DNV on March 1, 2021. The move comes after a comprehensive review of the company’s strategy as it positions itself for a world in which many of DNV’s markets are undergoing fundamental change.
Cornes Charts, Global Navigation Solutions (GNS) and Safe Navigation are joining forces under the new name of Voyager Worldwide. The new maritime software and solutions company will combine AI, automation and data analytics, giving users the ability to predict and plan for the future while enhancing safety and efficiency across their fleets.
Following the formation of OneOcean, a merger between Canadian navigation solutions provider Marine Press and London-based ChartCo, Martin Taylor, the new firm’s CEO, has outlined its ambitions to accelerate change and “connect the whole maritime industry.”
ChartCo has merged with Canadian navigation solutions provider, Marine Press to create a new company called OneOcean which will offer a large range of navigation and compliance solutions to the maritime sector.
Wärtsilä has acquired Ships Electronic Services (SES), a UK-based company specialising in navigation and communication electronics, installation, maintenance and repair services, which are largely aimed at commercial and leisure vessels. The acquisition was signed and closed on May 2, 2019.
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.
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.
NSSLGlobal has completed the acquisition of the assets and activities of Station 711, a business unit controlled by SES subsidiary MX1 focussed on communication systems for the maritime market.
Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.
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