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StormGeo buys Nautisk

StormGeo reports that it has entered into an agreement to acquire Nautisk, a supplier of charts and publications to the merchant marine sector, from NHST Media Group, a deal which will see StormGeo integrate its routing and weather services with Nautisk’s digital navigation data offerings.

{mprestriction ids="1,2"}“The acquisition of Nautisk is a natural complement to our existing solutions to the global shipping industry,” said Per-Olof Schroeder, CEO of StormGeo.

“In recent years, Nautisk has developed state-of-the-art software for use in planning and navigation, while maintaining one of the industry’s best run operations for delivering paper charts and publications to vessels worldwide.”

“The power of the combined StormGeo-Nautisk solution will directly benefit customers as we advance our vision as a premier shipping services player. We are proud to lead the industry in creating the first, fully-integrated navigational planning solution in the market.”

The new, all-in-one platform will allow StormGeo and Nautisk customers to optimise routing, obtain appropriate charts, and create a voyage plan without switching between disparate systems, integrating navigational information with weather intelligence and proprietary route optimisation algorithms.

“The Nautisk team is excited about combining with such a trusted company within the shipping community and beyond,” said Nautisk CEO, Thomas Fjeld.

“Our complementary offering means that together we can provide a solution that has no rival and will drive usability, provide richer functionality, and offer more value for our customers.”

Thomas Fjeld will take on a position as vice president planning and navigation within StormGeo post-acquisition. The transaction is expected to close by the end of October, and the financial details of the transaction have not been disclosed.{/mprestriction}

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