The Swedish industrial group Alfa Laval is continuing to expand its business in maritime software solutions. The company plans to acquire the Norwegian navigation and software specialist Navtor for $700 million.
Alfa Laval has signed a binding agreement to acquire Navtor. The purchase price amounts to the equivalent of around $700 million and is to be paid entirely in cash. The transaction is one of the largest acquisitions in Alfa Laval’s history. It is scheduled to be completed in the first quarter of next year – subject, however, to the usual regulatory approvals.
With this acquisition, Alfa Laval aims to strengthen its position in the market for digital maritime applications. Navtor is set to become part of the Ocean Division. The Norwegian company’s software platform will be merged with the StormGeo and Portchain platforms, which are already part of the group. Alfa Laval is thus expanding its range of digital fleet solutions, particularly in the areas of electronic navigation, vessel performance, route optimisation and integrated on-board workflows.
“With this acquisition, Alfa Laval will expand its digital offering at a time when real-time decision-making is becoming increasingly complex. Navtor’s technology and strong market presence complement our maritime digital platform and will strengthen our offering to customers,” emphasises Tom Erixon, President and CEO of Alfa Laval.
Navtor has customers in more than 90 countries
Navtor was founded in 2011 and is headquartered in Norway. The company employs around 400 people across 13 locations and serves customers in more than 90 countries. Its software solutions connect vessels with shore-based systems and support shipping companies and vessel operators with navigation, fleet management and the optimisation of vessel operations. Navtor expects turnover of around $194 million for the financial year 2026.
During an internal review, Navtor recently identified and reported certain compliance issues. As a result, the internal control and compliance programme has been strengthened. However, according to its own statements, Alfa Laval expects that the identified issues can be resolved.
