NAVTOR and Ingenium Marine have signed a term sheet under which NAVTOR will acquire Ingenium Marine, reads an official release.
Digital logbooks integration
The transaction is subject to execution of definitive agreements. Once completed, Ingenium will become a fully integrated company of NAVTOR and continue to operate from Mumbai, India. NAVTOR are looking forward to integrating digital logbooks into its innovative e-Navigation and performance product portfolio.
The move will, according to NAVTOR CEO Tor Svanes, “transform the way the industry views traditional log-keeping”, unlocking a spectrum of benefits that “propels vessel logbooks into the smart shipping age.”
Smart evolution
The acquisition will be the latest bold move for maritime technology firm NAVTOR, which also purchased US-based vessel analytics and performance optimisation specialist Tres Solutions in early 2021.
Svanes calls the new consolidation a key step forward, with the Indian firm’s software allowing users to digitise any combination of vessel logs, creating a uniform “smart” system.
This dramatically reduces administration, enables easier compliance, standardises quality (with less human error), and creates the ability to instantly share data with onshore organisations for complete vessel and fleet awareness. Detailed analytics are also made simple, delivering insights into trends and performance for improved decision making.
Leading the way
“NAVTOR is dedicated to making life simpler, safer, more efficient and profitable for our customers through unique digital solutions,” comments CEO Tor Svanes.
“That’s what we’ve achieved through leading the development of e-Navigation and, since the acquisition of Tres Solutions, performance monitoring and optimisation,” he added.
Ingenium has travelled the same road with logbooks – taking an onerous, complicated, often unreliable, and out-dated paper-based system and transforming it for 21st century demands. Digital logbooks may not be mandatory yet, but when the industry sees what is possible they will be… and they’ll be a rush to adopt to maximise competitive advantage.
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Source: NAVTOR
