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Wilhelmsen buys stake in digital start-up

(l-r) The Dolittle team of Tomas Ekeli, Michael Smith, Einar Ingebrigtsen, Tore Eggen, Vidar Aune Westrum, Arif Shafique, Pavneet Singh Saund, and Petri Wilhelmsen (l-r) The Dolittle team of Tomas Ekeli, Michael Smith, Einar Ingebrigtsen, Tore Eggen, Vidar Aune Westrum, Arif Shafique, Pavneet Singh Saund, and Petri Wilhelmsen

Wilhelmsen has announced that it has purchased 50 per cent of Dolittle, a Norwegian start-up specialising in the creation of IT architecture and frameworks for digital product building, as it expands its range of in-house digital projects.

{mprestriction ids="1,2"}Following the share purchase Wilhelmsen will jointly own the company with the start-up founders, in a 50/50 split. The move forms part of a strategy to reduce Wilhelmsen’s reliance on external consultants in its IT development by growing its own internal digital competence base.

“By owning digital competency we enable all departments and companies within Wilhelmsen to develop and create valuable digital solutions,” said Thomas Wilhelmsen, group CEO at Wilhelmsen.

“With help from Dolittle we can move quicker and cover the internal and external needs our customers have.”

“Technology such as virtual reality (VR) and digital twins lets us simulate and test solutions in a safe environment before we use it out at sea in real life. With VR and digital twin technology from Dolittle, it’s about time we move new solutions onto the digital bridge.”

Dolittle’s team members come from previous roles in companies like Microsoft and Norwegian online retailer Komplett, and all have previous experience building software and digital trade platforms.

“We develop digital solutions for customers in a rapid pace. The first version of a newly announced software system for Wilhelmsen ‘smart ropes’ was developed in a week and a half. This used to take months, even years,” said Arif Shafique, CEO and co-founder of Dolittle.

“In addition to fast paced decision and development processes, we use tried-and-tested building blocks for all our products. This gives flexibility where we can scale all our products from day one.”{/mprestriction}

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