ZeroNorth and Alpha Ori Technologies (AOT) have announced that they have signed a new agreement that will see Alpha Ori amalgamated within ZeroNorth, offering its IoT and high frequency data services under the ZeroNorth brand.
Subject to regulatory approval, the two companies plan to generate synergies by adding Alpha Ori’s capabilities into ZeroNorth’s technology platform to allow the two companies to serve their customer bases from a single offering, creating a combined data ecosystem.
Søren Meyer, ZeroNorth’s current CEO, will remain at the helm of the joint set-up, with both of AOT’s current Co-CEOs, Bala Sankaran and Rajesh Unni, to become non-executive board members of the joint business.
“I am delighted to be able to announce this agreement with Alpha Ori Technologies, which we truly believe represents the exciting next step in shipping’s digital and sustainability transformation. This is a strategic move that will not just benefit our customers, but the sector as a whole. It will enable us to serve the industry as its leading maritime optimisation provider of choice and underlines our commitment to bettering both profit and planet,” said Mr Meyer.
“ZeroNorth and Alpha Ori Technologies chose each other because of our shared values and common mission to drive impactful change for shipping and the wider global trade value chain. The combined ecosystem that this partnership will create will enable us to touch from shore to ship and back to shore.”
“It will accelerate our technology development, strengthen our innovative mindset, and enable us to continue to help our customers focus on profit and planet in an increasingly complex and volatile world.”
The company will retain its global office presence, headquartered from Copenhagen, and a combined workforce of 780 people, approximately one third of whom are full-time consultants. The two proposed partners currently supply digital services to approximately 4,000 ships trading globally.
“Joining forces with ZeroNorth secures a market leading position for our companies and enables us to propel the industry towards greater profitability and sustainability outcomes. We believe that this is the perfect time for us to scale and do bigger things together, and this agreement is perfectly in line with our ambition to drive sustainability, performance, and business results for our customers,” said Bala Sankaran, Co-CEO, Alpha Ori Technologies.