Under the terms of the agreement, the two groups will leverage their respective complementary expertise in vessel management, asset protection and emergency response to create new products, (some of which are pending until the closing of Orolia's acquisition of Techno-Sciences, Inc.)
Orolia, through its McMurdo Group, already provides SAR and MDA technologies including distress beacons, satellite communications infrastructure, emergency and surveillance operations control centres and fleet management software, while Transas offers a range of services in the design and implementation of integrated navigational solutions, virtual modelling and augmented reality.
"The maritime industry is in need of leadership to help unite a highly fragmented market that today consists of several custom-built, minimally interoperable systems," said Jean-Yves Courtois, CEO of Orolia.
"This collaboration between two established global leaders will contribute to creating a more unified industry, one that is focused on convergence, interoperability and standardisation to further improve operations."
"As part of our overall partner strategy, we are committed to working with leaders such as Transas to pioneer advanced solutions, influence new standards and drive technological innovation for the benefit of the entire maritime community."
While the partnership includes short-term business cooperation initiatives such as sharing product portfolios and leveraging sales channels for wider global reach, the primary focus of the agreement is on joint market and solution development for the maritime industry.
This will include creating SAR-enhanced MDA systems that add McMurdo Group's beacon technology and COSPAS-SARSAT/MESOAR satellite-based solutions to Transas' vessel traffic management, training and 3D simulation systems.
The companies hope that these new offerings will assist in integrating emergency preparedness, risk detection, crisis response and emergency operations for activities such as commercial fishing, illegal immigration control and arctic navigation.
Developing coastal surveillance and port management systems is also part of the strategy, augmenting Transas' existing offerings in this area with McMurdo Group's threat detection and web-based fleet management technologies.
"The joint initiatives and solutions we have identified thus far are just the start of many collaboration projects between our two groups," said Valery Ermakov, CEO, Transas Group.
"As our relationship with Orolia expands, we will continue to serve our existing and prospective customers with offerings that remain on the cutting edge of innovation, functionality and performance."
"We look forward to jointly educating the market, strengthening our global influence and delivering more value not just in the maritime industry but also in new markets such as immigration control, renewable energy, environmental protection and beyond."