The Greek headquartered maritime technology company Navarino has acquired 100% of the shares of Dutch based Castor Marine B.V., a provider of maritime connectivity and IT services.
Navarino mentions in its release that the key benefits of the share purchase deal include “an expanded service portfolio, enhanced global presence and accelerated innovation.”
As it is reported, Castor Marine will continue to operate independently within the Navarino Group, leveraging additional resources to expand its capabilities.
No price has been revealed for the acquisition.
Dimitris Tsikopoulos, CEO of Navarino, said: “Welcoming Castor Marine into the Navarino Group allows us to deliver even greater value to our customers,” adding that, “Together, we can offer enhanced services and exceed the high standards our customers have come to expect of us.”
“I’m excited to see what Castor Marine will achieve as part of the Navarino Group. This milestone unlocks new possibilities for our people and amplifies our offering,” noted Ivo Veldkamp, CEO of Castor Marine.
