Dubai-based maritime software solutions provider Marcura has signed a definitive agreement to acquire ShipServ, the maritime online procurement platform and marketplace.
This strategic acquisition is described by the company as a significant milestone for both companies, and is expected to be finalised in the coming weeks.
Upon merging, both companies will benefit from joint talent, expertise, and a broadened solutions portfolio to deliver an innovative, customer-centric platform built for the Blue Economy.
ShipServ’s 126 employees will come together with Marcura’s 850 to serve a combined customer base of 800 blue-chip maritime customers, and a network of 47,000 maritime suppliers globally.
“The combination of Marcura and ShipServ creates an industry-leading vertical software, data, payments and procurement platform focused on the maritime sector. Our extensive blue-chip customer base spans the world’s largest commodity shipping, container and cruise line organisations,” said Jens Poulsen, Marcura group chief executive officer.
From his side Henrik Hyldahn, chief executive of ShipServ, emphasised the advantages of becoming part of a larger family of renowned brands and solutions which, like ShipServ, share a common mission to drive innovation within the maritime industry.
The acquisition has been overseen by Marlin Equity Partners, a global investment firm with over $8.9bn of capital under management, that made a growth equity investment in Marcura in August 2022.
ShipServ chief executive Henrik Hyldahn pointed out that the integration with Marcura will enable their team to increase the long-term strategic value and product differentiation of ShipServ’s e-procurement offerings.
“We are looking forward to joining forces with Marcura, which will allow us to further accelerate network adoption and reinforce our positioning within the joint company’s wider platform,” he added.
Video credit: Marcura Group & ShipServ
