ABB, a global technology leader, is set to expand its maritime software offering through the acquisition of DTN Europe BV and DTN Philippines Inc.’s shipping business.
Key Points
- Enhanced Maritime Software Portfolio: ABB’s acquisition of DTN Shipping includes vessel routing software, analytics, reporting, and modelling applications. This move positions ABB as a market leader in ship route optimization.
- Connected Vessels: The acquisition brings over 5,000 connected vessels to ABB’s digital networks, fostering efficiency and safety through real-time weather routing analytics.
- Strategic Impact: As real-time weather routing gains importance in optimizing fuel consumption and reducing emissions, ABB’s digital solutions, complemented by DTN Shipping’s capabilities, aim to drive operational decisions for sustainable vessel performance.
- Collaborative Innovation: ABB and DTN Shipping will collaborate to seamlessly integrate DTN’s workforce of approximately 85 employees into ABB, with a focus on ensuring continuous customer service.
- Global Maritime Influence: ABB’s well-established Ability™ digital solutions, combined with DTN Shipping’s portfolio, strengthen the company’s commitment to investing in digital solutions supporting decarbonization and resource efficiency across diverse fleet types.
- Closing and Integration: The transaction is expected to close in Q2 2024, subject to customary closing conditions and works councils’ consultation procedures.
- DTN’s Core Business: DTN, a global data, analytics, and technology company, expresses confidence in ABB’s ability to further enhance the value of its shipping portfolio. DTN will continue providing core forecasting elements to ABB post-completion.
ABB’s acquisition of DTN Shipping’s business positions the company at the forefront of maritime digital solutions, contributing to sustainable and efficient vessel operations.
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Source: ABB
