A new shipping tech giant is being formed between Denmark´s tech company maritime operations ZeroNorth and Singapore´s maritime tech firm Alpha Ori Technologies (AOT).
The new, integrated business under the name ZeroNorth was born on Thursday after the two companies completed their merger.
The two companies have received all required regulatory approval for their agreement to join forces.
This move enables the new company to boost its value to the more than 4,500 vessels and 200+ customers that the companies serve.
The newly born ZeroNorth will streamline resource management, predict maintenance, monitor hull performance, optimise voyages, digitalise bunker operations, track and report emissions and enable stronger vessel selection decisions for its customers.
“It means that customers will be able to tap into a single source of data that improves their profit and reduces their impact on the planet, in line with their operational goals and strategies,” as ZeroNorth claims.
The company’s management team will continue to be led by Søren Meyer in his role as chief executive officer, whilst the newly formed company will be headquartered in Copenhagen with 12 global offices.
Søren Meyer, chief executive, ZeroNorth said: “Today marks the next bold step for a new ZeroNorth. The combined company will have the size to accelerate the impact on the shipping and maritime value chain. It is a statement of intent to the market, underlining the power and potential of our partnership and platform to support customers’ economic and environmental strategic goals.”
Bala Sankaran, Co-CEO Alpha Ori Technologies, added: “I’m proud to have founded a company that delivers value to our customers and brings technology and data to the forefront in making global trade green. I celebrate the new ZeroNorth and its potential to accelerate the green transition for our customers, the industry, and the planet.”
