StormGeo and DNV GL have signed an agreement to consolidate their fleet performance software operations under one banner, with StormGeo to take over management of DNV GL’s ECO Insight and Navigator Insight systems alongside its own FleetDSS and ship reporting offerings.
The combined fleet performance portfolio includes a range of route advisory, navigation and planning, and fleet performance management services from the two companies. StormGeo will take the lead in running the new set-up, including management of all fleet performance centres, delivery, product development, and sales.
The approximately 12,000 vessels served by the two companies’ software operations will now also receive a daily service from StormGeo in route advisory, weather intelligence, navigation and planning or fleet performance.
“Partnering with DNV GL enables us to accelerate the development of our fleet performance management offering by pooling the competence, software, and insight of both companies,” said Per-Olof Schroeder, CEO, StormGeo.
“Bringing these solutions together will give our clients even more ways to enhance the safety, efficiency, and transparency of their operations. Finally, it builds on our vision of establishing StormGeo as the leading provider of performance management solutions to the shipping industry.”
All of the respective software systems will be brought together in the back-end following the agreement, the companies said, utilising an improved data infrastructure. DNV GL will retain a direct connection to the new set-up through the 26.4% share in StormGeo it has held since 2014, as well as continuing to provide technical support to ECO Insight customers.
Users of both companies’ software systems will also able to share data through DNV GL’s open industry platform Veracity in the future.
“Since its introduction in 2014, ECO Insight has grown into the largest performance solution in shipping, with installations on more than 2,000 vessels. In addition, already 22 industry partners connect their data and analytics to the solution,” said Trond Hodne, Senior Vice President at DNV GL – Maritime.
“ECO Insight has already been an outstanding success, and by combining it with StormGeo’s services we believe we can offer our customers a solution that not only gives broader functionality but taps into a richer data set.”
“This will give our customers new and exciting services and insights to boost their competitiveness. We look forward to seeing ECO Insight going on to further success as part of StormGeo.”
The agreement is subject to the fulfilment of customary closing conditions, with the expectation that the transaction will close no later than March 2019.