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DNV acquires COEX

DNV has signed an agreement to acquire COEX AS, a company based in Bergen, Norway, offering software systems for the maritime industry.

The move will see DNV's Navigator software system enhanced through integration with COEX's web-based Vessel Information Portal for ship management, providing a range of additional functionalities.

DNV Navigator, recently selected by Wallem to be installed on 190 ships, is used to assist in managing port operations, allowing more than 1,200 port clearance forms to be automatically filled in with ship data, significantly reducing the amount of paperwork required onboard.

COEX and DNV have already worked in close cooperation for a number of years, and share a number of common shipping customers.

"With the acquisition of COEX AS, we aim to radically improve the way we present and deliver our services," says Odd Arne Haueng, managing director of DNV Maritime Partner.

"We see a great potential to increase our offering to the shipping industry by further expanding the DNV Navigator portfolio in terms of both content and functionality."

"We will continue to focus on operational issues and promote integration with other back-office systems. This will allow us to adjust to our customers’ needs and to cooperate widely with leading software suppliers in the maritime market."

Karl-Erik Johannessen, CEO and co-owner of COEX, also commented on how he believes the acquisition move will benefit existing COEX customers.

"Our goal has always been to deliver cost-effective solutions that help the maritime industry to be more effective," he said.

"By becoming a part of DNV, we strongly believe that our customers will enjoy the unique competence found in DNV and our enhanced offering to the maritime industry."

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