The technology maritime provider Danelec, based in Copenhagen, in a tactic move is buying the innovative Al technology platform of New York-based maritime technology firm Nautilus Labs.
The price tag for the acquisition was not disclosed.
The acquisition is Danelec’s third acquisition within two years, following Danelec’s purchase in December 2021 of Norwegian KYMA AS, a leading specialist in digital monitoring of ship operations, and the acquisition of the VDR and MDE business of MacGregor in November 2023.
“With the acquisition of Nautilus Labs’ AI-based technology platform, we are looking to broaden our scope of impact. Not only do we get to build on the market-leading maritime analytics platform that Nautilus Labs has spent the last seven years building, we are also onboarding a team of industry top talent,” said Casper Jensen, chief executive of Danelec.
Danelec notes that the Nautilus Labs platform will continue in its current form and support its customers on existing terms, but with entirely new and more impactful solutions.
Casper Jensen, chief executive of Danelec expressed his confidence what with the company´s installed base of 15,000 vessels, they are well-positioned to commercialize Nautilus Lab’s technology platform.
While the integration of the AI-based technology platform will enable Danelec to expand horizontally within the market of maritime digitalization, the acquired capabilities will not change the agnostic approach that characterizes Danelec’s position in the market, as Danelec claims.
“Our business model is – and will continue to be – technology agnostic,” says Jensen. “Our position in the maritime market is built on our open platform approach that is well-known from our VDR business as well as our shaft power, and ship performance business. We don’t need to lock our customers in – we believe that we can bring the most useful solutions to the market if we have our customers and their needs at the enter of our offerings. To do so, we deliver solutions that can tap into our customers’ existing setups to fit their needs. With our latest acquisition, we can now deliver end-to-end,” elaborates Jensen.
Matt Heider, chief executive of Nautilus Labs, also commented: “We are excited to see Nautilus Platform come to life in the hands of Danelec and to advance it further on top of the solid foundation of high quality, high frequency data captured from Danelec’s extensive install base. Together, we can’t wait to deliver even more value to our customers.”
