Company: Navtor, Voyager Worldwide
Business Type: Software Developer
UK & International Business Sales and M&A News
Navigation firm Navtor and maritime tech provider Voyager Worldwide are merging in what is being hailed as a ‘landmark industry combination’, with the transaction expecting to close by December 2023.
Navtor was founded in Egersund, Norway, in 2011, and is a leading e-Navigation and performance technology provider to the maritime industry. The business’s current integrated digital ecosystem offers market-leading solutions, including the fleet management platform, NavFleet, and digital chart table NavStation, featuring advanced passage planning. The business operates offices across the world, including Norway, India, USA, UK and Singapore.
Tor Svanes, CEO and Founder of Navtor, said:
“This is perhaps the biggest day in Navtor history, and a major development for the maritime technology industry,” said
“Here are two different and highly complementary businesses, both of which have built trusted portfolios and relationships with ship owners, operators and managers worldwide.”
Tor Svanes – CEO and Founder of Navtor
Voyager Worldwide, a leading provider of maritime technology solutions, including the Voyager Ecosystem which connects the ship’s bridge to the shore-based team. It also offers onboard software, Voyager Planning Station, which runs on the back of bridge PC on every vessel. Onshore, the Voyager Fleet Insight application is available to ship managers, owners and other stakeholders. Voyager also has global offices, including Greece, Turkey, China and Japan.
Kent Lee, CEO of Voyager Worldwide, said:
“Both companies will unite Norway and Singapore’s maritime innovation ecosystems to drive maritime innovation to new heights. This represents an enormous opportunity to go after areas where we see tremendous growth potential.”
“Navtor’s current offerings will rapidly accelerate and complement the development of our next-gen platform and solutions, advancing new joint innovations within the maritime ecosystem. Navtor’s customers can also leverage Voyager’s extensive global presence and deep domain expertise in the maritime industry.”
Kent Lee – CEO of Voyager Worldwide
The resulting business will deliver products and solutions to approximately 18,000 vessels globally and will create an extensive network of global offices and representatives catering to all of shipping’s key markets.
Svanes concluded:
“As one company, we will strengthen our position as a global e-Navigation and performance market leader and unlock powerful benefits for customers.”
Tor Svanes – CEO and Founder of Navtor
Navtor received majority investment from Accel-KKR in 2020, acquiring performance and analytics specialist Tres Solutions in 2021 and Ingenium Marine, a digital logbook pioneer, in 2022.
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