Navtor and Voyager Worldwide have announced plans to merge in the latest consolidation in the maritime digitalisation market. The transaction is expected to close by December 2023, and will create a business supplying solutions to 18,000 vessels operating around the world.
Navtor supplies e-Navigation and performance monitoring and management solutions, which are expected to complement Voyager Worldwide’s portfolio of e-Navigation, vessel management, and charts and publications tools. The combined business will boast an extensive network of global offices and representatives catering to all of shipping’s key markets.
Both businesses will continue to operate business-as-usual and clients can expect the continued support on solutions and services offerings, including the delivery of its contractual obligations.
Tor Svanes, CEO and founder of NAVTOR described the merger as a significant moment in the digitalisation market. “Here are two different and highly complementary businesses, both of which have built trusted portfolios and relationships with ship owners, 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.”
This merger is consistent with Navtor’s expansion strategy. Navtor received majority investment from Accel-KKR in 2020, gaining access to a financial partner to support the company in its ambitious growth plans. Navtor acquired performance and analytics specialist Tres Solutions in 2021 and Ingenium Marine, a digital logbook pioneer, in 2022.
