The new combined unit will provide safety and efficiency services and products to about 18,000 vessels.
Customers will not notice any change to the provision of services in the short term. Clients can expect the continued support on solutions and service offerings, the companies said, including the delivery of contractual obligations. Voyager Worldwide, for instance, will continue to support its clients’ digitalisation journey, including those shifting from paper to more digital solutions gradually, as well as supporting clients who still require paper products.
“This is perhaps the biggest day in Navtor’s history, and a major development for the maritime technology industry,” declared Tor Svanes, Navtor’s CEO and founder. “Here are two different and highly complementary businesses, both of which have built trusted portfolios and relationships with shipowners, operators and managers worldwide. As one company, we will strengthen our position as a global e-navigation and performance market leader and unlock powerful benefits for customers.”
Voyager Worldwide CEO, Kent Lee, added: “Together with Tor, I see this as an incredible opportunity. 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.”
The transaction is expected to close by December 2023.
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