Global weather intelligence and decision support services provider StormGeo has signed an agreement to purchase maritime charts and publications provider Nautisk from NHST Media Group.
The acquired company is primarily involved in the supply of maritime charts and publications to the merchant marine industry.
It covers major shipping routes and markets, including Europe, the US, and Asia.
StormGeo CEO Per-Olof Schroeder said: “The acquisition of Nautisk is a natural complement to our existing solutions to the global shipping industry.
“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.”
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Following the acquisition, StormGeo will combine its routing and weather services with Nautisk’s charts and publications solutions.
The new integrated platform will enable customers of both StormGeo and Nautisk to optimise routing, receive proper charts, and create a voyage path without switching between different systems.
The integration is also expected to improve quality and offer cost benefits to customers.
The latest deal is expected to be completed within the next month after it meets certain standard conditions for conclusion.
Following the completion of the deal, Fjeld will be appointed as the vice-president of StormGeo Planning and Navigation.
Nautisk CEO Thomas Fjeld said: “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.”