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Orolia buys Netwave

Jean-Yves Courtois, CEO of Orolia Jean-Yves Courtois, CEO of Orolia

Orolia, the owner of the McMurdo and Kannad brands, has entered into an agreement to acquire Netherlands-based Netwave Systems, a supplier of Voyage Data Recorders (VDRs), automated vessel monitoring products and safety services.

{mprestriction ids="1,2"}Netwave has been in the VDR market since its first product was introduced in 2006, and expanded with the acquisition of Rutter’s VDR business in 2011.

The company’s latest model VDR, the NW-6000, combines data playback capabilities and a new generation of hardware, with features for remote monitoring and optimisation of ship performance, via Netwave’s SeaWise software package.

Following the Orolia deal Netwave and McMurdo will work together to integrate their onboard safety equipment. The terms of the deal have not been disclosed.

“The agreement to acquire Netwave further advances our goal of being a global leader in maritime safety and PNT solutions. The combination of Netwave’s advanced VDR solution, with McMurdo’s globally recognised safety beacons, GMDSS shipsets, and AIS equipment, puts us in a unique position in the safety electronics segment,” said Jean-Yves Courtois, CEO of Orolia.

“Furthermore, our portfolio of resilient PNT technologies, including unique GNSS interference detection and mitigation abilities, will allow us to advance GNSS-based navigation safety and robustness to new levels.”

“We also anticipate great synergies between the Netwave SeaWise application for automation, analysis and monitoring of ship conditions, and our own fleet management applications. We are on the cusp of bringing major advances to the world of maritime logistics, operations and safety.”{/mprestriction}

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