Alfa Laval has signed an agreement to acquire Scandinavian bunker procurement software provider BunkerMetric, with plans to merge the company into maritime route optimisation firm StormGeo, which was itself bought by Alfa Laval last year.
Headquartered in Denmark, BunkerMetric helps ship operators and bunker procurement departments in finding the best bunker procurement options available, using its own algorithms and procurement optimisation tools to highlight bunkering strategies that can help shipping companies improve cost effectiveness.
“The acquisition of BunkerMetric will further strengthen the StormGeo suite of software products and services,” said Soeren Andersen, CEO of StormGeo.
“BunkerMetric’s advanced procurement optimisation tool is a welcomed addition to our route advisory services, giving shipping customers timely data for choosing the best bunkering options. It will help optimise scheduling, fuel and voyage performance.”
“By leveraging BunkerMetric’s deep expertise and proven optimisation tool, StormGeo customers will be able to streamline their operations. As well as reducing their bunker procurement costs, they will gain significant fuel savings through optimised real-time decision-making.”
BunkerMetric’s procurement optimisation tool will become a subscription service within StormGeo’s existing application package following the deal, allowing users to add bunkering decisions, such as the selection of ports, volumes, and fuel grades, into their overall voyage planning.
“We are excited to become part of StormGeo and the Alfa Laval family,” said Christian Plum, CEO of BunkerMetric.
“Combining BunkerMetric’s state-of-the-art optimisation algorithms and data platforms with StormGeo’s cutting-edge data science will mean valuable synergies for existing and future customers.”