Maritime technology company Danelec Marine, based in Denmark, is adding new vessel performance monitoring capabilities to its portfolio, having agreed a deal to acquire Norwegian software firm KYMA.
The combined company will have some 10,000 ships using its various systems for data collection and analysis. The value of the deal has not been disclosed.
“We are proud to welcome the KYMA team into the Danelec family. Together, we will create a global leader in maritime data collection and smart shipping technologies to provide accurate, regular, and reliable data to safeguard the competitive advantages and regulatory compliance status of shipping businesses worldwide,” said Casper Jensen, CEO at Danelec Marine.
“By operating vessels in the most efficient way, smart shipping plays a critical role in creating a more resource-efficient future for the global consumer. We look forward to working together with the KYMA and Verdane (the majority shareholder in Danelec) teams to deliver on our vision of generating value from maritime data.”
Headquartered in Birkerød, outside of Copenhagen, Denmark, Danelec is a manufacturer of ECDIS, Voyage Data Recorders (VDR) and ship to shore data collection and sharing systems, with products installed on approximately 6,000 vessels worldwide.
Based in Ulset on Norway’s west coast, KYMA employs 35 people involved in the development and manufacture of performance monitoring software for all types of vessels, with an installed base of some 5,000 ships.