Danish VDR and communications specialist Danelec continues its shopping spree by acquiring the AI platform from Nautilus Labs.
Danelec and New York-based Nautilus Labs announced today that the Danes will offer “a comprehensive turnkey solution” by acquiring the AI-based analytics platform.[ds_preview]
“With the acquisition, we want to expand our reach. Not only can we build on the market-leading maritime analytics platform that Nautilus Labs has developed over the past seven years, but we can also bring on board a team of top talent in the industry,” said Casper Jensen, CEO of Danelec, who announced further M&A transactions in an interview with HANSA last year.
The takeover is Danelec’s third acquisition in two years, following the acquisition of Norwegian company Kyma, a specialist in digital monitoring of ship operations, in December 2021 and MacGregor’s VDR and MDE business in November 2023. Last week, Danelec published its latest annual report, in which the company announced massive growth: turnover almost doubled from DKK 168 million last year to DKK 298 million in 2022/23.
Danelec wants to remain technology-independent
The Nautilus Labs platform is to be continued in its current form. However, by leveraging the synergies between Danelec’s onboard capabilities in quality data collection and Nautilus Labs’ capabilities in analytics and machine learning, “completely new and more impactful solutions will be at the heart of the joint value proposition”, the statement continues.
With the acquisition, Danelec aims to expand its capabilities in ship optimization, fleet efficiency and digital data collection.
“The maritime sector is currently undergoing rapid digitalization, and to build a solid foundation for this digital transformation, it is crucial that it is based on high-quality, high-frequency data. With the acquisition of Nautilus Lab’s technology platform, we are able to accompany our customers from the beginning to the end of their digital journey,” Jensen continued. Based on installations on 13,000 ships, the company is well positioned to market Nautilus Lab’s technology platform.
However, the business model is to remain technology-independent in future. “Our position is based on our open platform approach in the VDR business. We believe that we can bring the most useful solutions to the market if we put our customers and their needs at the center of our offerings. To achieve this, we deliver solutions that can be integrated into our customers’ existing systems. With our latest acquisition, we can now offer end-to-end solutions,” says the CEO.
