The partners plan to combine their specialisms to provide customers with additional optimisation opportunities.
The merger, subject to regulatory approval, will enable the companies to combine AOT’s knowhow in sensor technology with ZeroNorth’s multi-service technology platform to create new sustainability opportunities for shipowners and operators. Between them, the companies already provide services to more than 4,000 ships deployed on global routes. The potential tie-up will now enable customers to access 12 different services using one platform and one data source.
The combined company plans to operate from Copenhagen under the ZeroNorth brand and current CEO, Søren Meyer, will head the new setup. AOT’s two joint CEOs, Bala Sankaran and Rajesh Unni, will become non-executive directors. The business, with a headcount of 780, will remain independent “with robust financial backing and heritage from top industry leaders,” according to a statement.
“I am delighted to be able to announce this agreement with Alpha Ori Technologies which we truly believe represents the exciting next step in shipping’s digital and sustainability transformation,” declared ZeroNorth’s Meyer.
“This is a strategic move that will not just benefit our customers, but the sector as a whole … ZeroNorth and Alpha Ori Technologies chose each other because of our shared values and common mission to drive impactful change for shipping and the wider global trade value chain. The combined ecosystem that this partnership will create will enable us to touch from shore to ship and back to shore.”
AOT’s co-CEO, Bala Sankaran, commented: “Joining forces with ZeroNorth secures a market leading position for our companies, and enables us to propel the industry towards greater profitability and sustainability outcomes. We believe that this is the perfect time for us to scale and do bigger things together, and this agreement is perfectly in line with our ambition to drive sustainability, performance, and business results for our customers.
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