GTT pursues its development in digital with the acquisition of Icelandic company Marorka, an expert in Smart Shipping
20 Febbraio 2020 - 5:45PM
GTT pursues its development in digital with the acquisition of
Icelandic company Marorka, an expert in Smart Shipping
GTT pursues its development in digital
with the acquisition of Icelandic company Marorka, an expert in
Smart Shipping
Paris – February
20th, 2020. GTT
announces the acquisition of 100% of the share capital of Marorka
from its owners and management team. Based in Iceland and
specialized in Smart Shipping1, the company designs maritime energy
monitoring and optimization systems for vessels, allowing them to
reduce their environmental footprint. The company’s systems have
been installed on more than 600 vessels.
The shipping industry has started its
environmental transition in January 2020, when a new IMO2
regulation entered into force, imposing significant reductions in
sulphur oxide emissions. The IMO has furthermore announced a
long-term “low-carbon” strategy, including ambitious
decarbonisation targets. In addition to using LNG as a marine fuel,
achieving those objectives will necessarily require smart software
technologies and operational data analysis.
With more than 17 years of experience, Marorka
has developed a recognized technical platform and value added
applications. Marorka is a good technical, commercial and
geographical complement to Ascenz, GTT’s subsidiary based in
Singapore, and represents a new milestone in the Group’s digital
strategy.
“We are glad to become part of the GTT group;
joining forces with Ascenz and GTT experts will boost our presence
and our ability to satisfy customer needs.” Darri Gunnarsson, CEO
of Marorka said. “We share the same vision on Smart Shipping and
its increasing contribution to the improvement of shipping’s
operational and environmental performance.”
Philippe Berterottière, Chairman and CEO of GTT,
said: “We are happy to welcome Marorka in the Group. This
acquisition is an important new step in GTT’s digital roadmap.
Smart shipping is an essential component to allow the shipping
industry to reduce its environmental footprint. LNG shipping
players are also increasingly seeking digital solutions to optimise
their operations and will benefit from an even more compelling
service offering from GTT thanks to this acquisition."
Funded in cash, the transaction will have no
significant impact on the Group’s financial structure. The previous
owners will continue to manage the company and will notably
contribute their know-how and experience to the Group’s digital
strategy.
About GTT
GTT (Gaztransport & Technigaz) is an
engineering company expert in containment systems with cryogenic
membranes used to transport and store liquefied gas, in particular
LNG (Liquefied Natural Gas). For over 50 years, GTT has been
maintaining reliable relationships with all stakeholders of the gas
industry (shipyards, shipowners, gas companies, terminal operators,
classification societies). The company designs and provides
technologies which combine operational efficiency and safety, to
equip LNG carriers, floating terminals, and multi-gas carriers. GTT
also develops solutions dedicated to land storage and to the use of
LNG as fuel for the vessel propulsion, as well as a full range of
services.
GTT is listed on Euronext Paris, Compartment A
(ISIN FR0011726835 Euronext Paris: GTT) and is notably included in
SBF 120 and MSCI Small Cap indices.
For more information, visit www.gtt.fr.
Investor Relations
contact: information-financiere@gtt.fr / + 33 (0)1 30
23 20 87
Media
contact: press@gtt.fr / +33 (0)1 30 23 80 80
About Marorka
Marorka was founded in 1992 and is the leading global provider
of data-driven energy management and operational performance
solutions for the international maritime industry. Marorka focuses
on fuel savings, emission reduction compliance and reporting and
performance optimization. The combined onboard and onshore systems
have been installed on more than 600 vessels. Marorka is
headquartered in Reykjavik, Iceland.
For more information, visit www.marorka.com
Media contact: marorka@marorka.com / (+354) 582 8000
1 Smart Shipping is a set of navigation services, operational
vessel management, predictive maintenance, on-board energy
management and fleet management for charterers, ship-owners and
operators.
2 International Maritime Organization
- GTT PR-Marorka Acquisition 20 02 2020
Grafico Azioni Gaztransport Et Technigaz (EU:GTT)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Gaztransport Et Technigaz (EU:GTT)
Storico
Da Apr 2023 a Apr 2024