Navtor, a leader in e-navigation and ship performance technology, and Voyager Worldwide, specializing in maritime digital technology, have unveiled their plans to merge. The consolidated entity aims to offer safety and efficiency services to approximately 18,000 vessels. In the short term, clients won't experience any disruption to service provision, and both companies commit to supporting existing solutions, service offerings, and fulfilling contractual obligations. Voyager Worldwide will continue aiding clients in their digitalization journey, assisting those transitioning from paper to digital solutions and supporting those still reliant on paper products.
Tor Svanes, CEO and founder of Navtor, hailed this collaboration as a monumental day for Navtor and a significant milestone in the maritime technology sector. He emphasized the complementary nature of the two businesses, each having cultivated trusted portfolios and relationships globally. Svanes anticipates that the merger will enhance their standing as a leading global e-navigation and performance provider, unlocking substantial benefits for customers.
Kent Lee, CEO of Voyager Worldwide, sees this as an exceptional opportunity to bring together the maritime innovation ecosystems of Norway and Singapore. The collaboration aims to elevate maritime innovation to unprecedented levels and tap into areas with significant growth potential. Lee highlighted that Navtor's existing offerings will synergize with the development of their next-gen platform and solutions, fostering innovative advancements within the maritime ecosystem. Navtor's customers will also gain from Voyager's extensive global presence and profound domain expertise in the maritime industry.
The completion of the transaction is slated for December 2023. Both companies are committed to ensuring a smooth transition and maintaining service excellence during this process.