ZeroNorth, the maritime technology company, has announced that it intends to join forces with Singapore-based services provider Alpha Ori Technologies (AOT). The agreement is expected to combining Alpha Ori Technologies’ expertise in IoT sensors and high frequency data with ZeroNorth’s existing multi-service technology platform.
The deal remains subject to regulatory approval. The company intends to operate under the ZeroNorth brand and Søren Meyer, ZeroNorth’s current CEO, will remain at the helm of the joint set-up. Both of AOT’s current Co-CEOs, Bala Sankaran and Rajesh Unni, will become non-executive board members of the joint business.
The two proposed partners already supply solutions to over 4,000 ships. The agreement will enable customers to access 12 different services using one platform and one data source. ZeroNorth will interconnect data, providing collection, insights, and analysis, which will enhance quality and compliance for customers. By unlocking operational efficiencies and increasing reliability, customers will also benefit from cost savings, increased profits, and emissions reduction.
The joint business will remain an independent company and will retain its global office presence, headquartered in Copenhagen.
