Navarino acquires Castor MarineNavarino acquires Castor Marine

UK-based maritime technology and connectivity company Navarino Group has acquired 100% of the shares of Castor Marine, a Dutch shipping and yachting internet connectivity and IT solutions provider.

Castor Marine will continue to operate independently within the Navarino Group following the deal. No price has been revealed for the acquisition.

The company said customers can expect uninterrupted service as well as access to an expanded portfolio of solutions.

“Welcoming Castor Marine into the Navarino Group allows us to deliver even greater value to our customers,” said Dimitris Tsikopoulos, CEO of Navarino. “Together, we can offer enhanced services and exceed the high standards our customers have come to expect of us.”

“Key benefits of the deal include an expanded service portfolio, enhanced global presence and accelerated innovation, driving forward the digital transformation of the maritime industry,” Navarino stated in a release.

Ivo Veldkamp, CEO of Castor Marine, said, “This milestone unlocks new possibilities for our people and amplifies our offering.”