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NAVTOR partners with Nautic AB for new business venture

Tor A. Svanes, NAVTOR MD; Johan Traung, MD of Nautic Holding AB; Henrik Bergius, new head of NAVTOR NAUTIC AB Tor A. Svanes, NAVTOR MD; Johan Traung, MD of Nautic Holding AB; Henrik Bergius, new head of NAVTOR NAUTIC AB NAVTOR

Norway’s NAVTOR and Sweden’s Nautic AB are teaming up to create a new business entity that will combine the respective digital and paper publications of both companies.

{mprestriction ids="1,2"}The new jointly-owned operation, based in Gothenburg, will be known as NAVTOR NAUTIC AB. It promises to draw together the expertise of both companies, offering NAVTOR’s digital charts and e-navigation technology alongside Nautic AB’s paper charts and publications.

“Paper charts are still a vital piece of the navigational jigsaw and, to provide a ‘one stop shop’ for our customers, delivering all the data they require, we saw a strategic need to team up with a leading supplier,” said NAVTOR managing director and CEO Tor A. Svanes.  

“Nautic, with its 100-year track record of success in this segment, was the perfect partner. Our new joint business, NAVTOR NAUTIC AB, will put us in a position to serve the maritime industry in the most comprehensive, efficient and quality-focused way. It’s exactly what our customers want.”

Nautic AB is a family-owned business that has been trading since 1915. Despite the growing popularity of ECDIS and e-navigation, it believes paper charts still have an important role to play at sea.

“With the transition from paper to digital, conventional paper chart suppliers face obvious challenges, but the demand is still there,” said Johan Traung, managing director of Nautic Holding AB, and great-grandson of Nautic AB’s founder.

“In addition, the globalisation of shipping and economic activity creates pressure for local suppliers, but also opportunities for international expansion. We believe that, by joining with NAVTOR, we can play a role in offering the professional industry a ‘total’ concept and open up new markets for future business development.”{/mprestriction} 

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