The British technology company Navarino has acquired all shares in Castor Marine. The company, which specialises in Internet and IT solutions for the maritime industry, will continue to operate independently, but will gain access to an expanded portfolio.
The two companies serve a complementary customer group, as announced in a joint press release. They have already been developing joint technology and connectivity solutions for many years. For Castor Marine, becoming part of the Navarino Group means a stronger global presence, an expanded portfolio and additional opportunities to drive digital innovation.
New opportunities for Castor Marine
“The addition of Castor Marine to the Navarino Group enables us to provide even greater value to our customers,” said Dimitris Tsikopoulos, CEO of Navarino. “Together we can offer enhanced services and exceed the high standards our customers expect from us.”
Ivo Veldkamp, CEO of Castor Marine, said: “I am excited about what Castor Marine will achieve as part of Navarino. This milestone opens up new opportunities for our employees and expands our offering.”
Navarino works with more than 600 shipping companies worldwide and supports over 12,000 commercial vessels with communications technology. Castor Marine specializes in more secure internet connectivity for the maritime industry, offering services such as Starlink, VSAT and 4G/5G LTE. It is active in the commercial and yacht segment as well as in the offshore sector.
