Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies Dismiss

Lloyd’s Register acquires C-MAP Commercial from Navico

Lloyd’s Register (LR) has reached an agreement to acquire Navico Group’s C-MAP commercial marine business, a provider of commercial marine cartography and digital publications, shore-side and shipside voyage optimisation, cloud-based fleet management and fleet analytics software.

The acquisition will be integrated with the i4 Insight platform, strengthening the existing performance platform ecosystem.

The acquisition builds on LR’s vision of solving problems with integrated digital solutions with the aim of conquering the challenge of isolated and disconnected maritime systems. It follows recent partnership agreements between i4 Insight and other maritime players including Greensteam and Laros.

C-MAP’s commercial products and services have been part of the Navico Group since 2016. The acquisition includes C-MAP’s charts and publications, route planning and fleet management, weather services, professional services, and marine hydrographic services.

“This important development is further evidence of how LR is rapidly building up our maritime digital solutions. In particular, this acquisition enables us to strengthen how we help our clients, and the maritime industry more broadly, accelerate operational efficiency improvements. Importantly, the capabilities we have acquired are highly relevant to the industry’s goal of simultaneously reducing costs and emissions. This forms part of our wider strategy where we are combining inhouse, proprietary software development with alliance partnerships, corporate venturing and acquisitions – to build more cohesive and integrated digital solutions specifically tailored to maritime market needs,” said Nial McCollum, Lloyd’s Register chief technology officer.

“We now have an opportunity to further enhance our i4 Insight platform with a powerful set of navigation products and optimisation tools,” said Joel Meltzner, chief executive officer of i4 Insight. “By adding these complimentary products and services to our existing capabilities we continue extending our digital strategy focused on ensuring customers have the right information at the right time to solve key operational challenges.”

“C-Map Commercial is a fantastic business with great potential, and this is exciting news for anyone associated with the business. Lloyd’s Register is an ambitious organisation that has a long history in shipping and outstanding relationships with its customers. They are focussed on taking C-MAP Commercial to the next level,” said Knut Frostad, chief executive officer, Navico Group. “Navico’s broader strategy is to focus its growth in the recreational and light commercial space, and this divestment aligns precisely with that.”

Related items

Joomla SEF URLs by Artio

Login/Register

Register or Login to view even more of our content. Basic registration is free.

Register now

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.

 

Address:
Digital Ship Ltd
Digital Ship - Digital Energy Journal
39-41 North Road
London
N7 9DP
United Kingdom

Copyright © 2020 Digital Ship Ltd. All rights reserved           Cookie Policy         Privacy Policy

x