Okapi acquires Yara Marine Technologies

YMT is active across of environmental-based solutions for shipping including scrubbers, shore power, vessel optimisation, and life-cycle services.

YMT is being divested by parent Yara as it moves to focus its investments on its core businesses sustainable food solutions and clean ammonia.

Yara Marine Technologies’ Dr Thomas Koniordos 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."

The company said that the acquisition would set the stage for the launch of updated and new vessel optimisation technologies which would join its existing portfolio.

Mohamed J. Ndao, CEO of Geneva-based Okapi, said: “I’m pleased to welcome Yara Marine Technologies into the Okapi family. Their 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."

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