The Swiss-Finnish ABB Group is taking over the maritime business of DTN Shipping, thereby expanding its software offering in the field of routing.
ABB intends to become “one of the market leaders in the field of ship route optimization”, according to the acquisition.
Financial details of the transaction were not disclosed. The transaction is subject to customary closing conditions and the completion of consultation procedures with the relevant works councils. It is expected to close in Q2 2024.
ABB and DTN Shipping intend to work together to ensure continued customer support and the seamless integration of approximately 85 employees, most of whom are based in the Netherlands and the Philippines, into ABB, the statement added.
5,000 vessels at ABB
The acquisition of the DTN Shipping portfolio includes ship routing software, including analytics, reporting and modeling applications. “The acquisition comes at a time when real-time analytics for weather routing is playing an increasingly important role in optimizing the efficiency and safety of ships,” ABB said in explaining the transaction. The DTN Shipping division complements the existing digital offering and increases the number of vessels connected to ABB networks to over 5,000.
Existing DTN Shipping customers will benefit from ABB’s expertise in electrical, automated and digital shipping solutions and gain more opportunities to increase efficiency, save fuel and reduce emissions.
Juha Koskela, Division President, ABB Marine & Ports, said: “This is an integral part of our commitment to using digital solutions to make better operational decisions that lead to increasingly sustainable ship performance. With this acquisition, we can now offer all levels of digitalization for all fleet types and sizes, creating a unique offering for ship and voyage performance.”
