Business Type: Green energy solutions, Marine Services
UK & International Business Sales and M&A News
Yara Marine Technologies (YMT) has been acquired by oil and gas provider Okapi Supply Trading Advisory SA (formerly Sarl) for an undisclosed sum, thereby expanding its maritime solutions portfolio.
The acquisition of the green technologies expert comes at a pivotal moment for shipping, as the industry faces increasing emissions regulations and financial impetus to meet the 2030, 2040 and 2050 emissions goals set by the International Maritime Organisation (IMO).
Yara Marine Technologies, with its HQ in Norway and offices in Sweden, Poland and China, is a wholly-owned subsidiary of Yara International and has been at the forefront of maritime emissions reduction since 2010, working closely with ship-owners, yards, and naval architects as partners in an effort to drive the change toward sustainable shipping.
Its portfolio of cutting-edge green technologies include SOx Scrubbers and Vessel Optimization solutions, including the FuelOpt system, which supports wind-assisted propulsion that optimises power and records fuel performance on vessels with sails, rotors, kites and wings. The company also provides turnkey Shore Power solutions.
Dr Thomas Koniordos, CEO of Yara Marine Technologies, said:
“This acquisition is the next step, and we eagerly anticipate the opportunities that lie ahead with Mohamed and the team at Okapi. Together, we will continue accelerating our industry’s transition to net zero through greater development and deployment of our cutting-edge decarbonisation technologies, reducing the environmental impact of maritime operations without compromising on operational excellence for our global fleet.”
Dr Thomas Koniordos – CEO of Yara Marine Technologies
Okapi Supply Trading Advisory, based in Geneva, is an independent provider of oil and gas products and services, supplying, storing and distributing oil and gas products needed by consumers, industry and maritime operations across the African continent.
Mohamed J Ndao, Okapi Supply Trading Advisory Chief Executive, said:
“I’m pleased to welcome Yara Marine Technologies into the Okapi family. Its wide portfolio of innovative solutions showcase a variety of approaches and stackable alternatives that can serve as immediate options when addressing our industry’s emissions challenges. This aligns closely with our ambition to offer our customers easier pathways towards greening their operations.
“This union is an exciting new chapter, and I look forward to working together to create positive change for the marine environment and the maritime industry.”
Mohamed J Ndao – Okapi Supply Trading Advisory Chief Executive
With a shared commitment to advancing sustainable solutions for the maritime industry, this acquisition sets the stage for the green solutions provider to accelerate the reach and impact of its industry-leading decarbonisation technologies, supported by Okapi’s resources and drive, as well as the launch of new and updated vessel optimisation technologies for the global fleet.
Magnus Ankarstrand, EVP at Yara Corporate Development concluded:
“We are happy to have found a new owner that has a strong interest to develop the company further. Yara Marine Technologies has been a valuable part of Yara for 10 years. However, as Yara’s strategy is to focus its investments on core business of sustainable food solutions and clean ammonia, a divestment of Yara Marine Technologies was a natural step.”
Magnus Ankarstrand – EVP at Yara Corporate Development
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