(Oslo, Norway, 15 December 2022) Arribatec Group ASA (OSE:ARR, Arribatec) today
announces an agreement to divest Arribatec Marine's non-core software solution,
Performance, to Oceanly S.r.l. a company 100% controlled by ESA Group, a
Genoa-based ship management company.
"We are divesting Arribatec Marine's Performance activities to entirely focus
their resources and market activities on Marine's leading Infoship software,
which supports the digitalization transition of the technical operations
management in the Maritime industry. This transaction marks the completion of
the restructuring process of Arribatec Marine, and the company today has a solid
platform to leverage on the growing demand for digital fleet management, " says
Geir Johansen, CEO of Arribatec.
Arribatec Marine, a 100% controlled entity of Arribatec Group ASA, today
completed the sale of the IP rights for the software package, Performance, a
dedicated solution for vessel performance monitoring and voyage management. The
transaction also includes the transfer of existing customer contracts and a team
of eleven employees to ESA Group. The transaction has a gross value of EUR 0,9
million.
"The divestment meets Arribatec Marine's intention of restructuring our
organization around our native core business: the development of the asset
management operating software Infoship, which comprises tailored solutions for
the maintenance, procurement, safety, and quality compliance of all the assets
onboard any kind of vessel. The divestment of Performance concludes Arribatec
Marine's transformation, allowing us to invest in profitable growth in our most
attractive segments, cargo and cruise," Agostino Fiorentino, CEO of Arribatec
Marine, concludes.
ENDS
For additional information, please contact:
Geir Johansen, CEO, Arribatec Group ASA: +47 4771 0451
About Arribatec Marine| www.arribatec.com/marine
Specialized in providing technology and professional services to support the
digitalization transition in the maritime industry, Arribatec Marine is focused
on maximizing return on assets' performance, increasing control over operations,
and helping clients improve their value and obtain a competitive advantage
through their InfoSHIP® software.
InfoSHIP® enables a high level of fleet control and efficiency for a broad range
of technical processes. InfoSHIP® supports companies in a real step-up in marine
operations, bringing ship owners to a different level of control of their
vessels with functions designed to cope with their specific market requirements.
About Arribatec | www.arribatec.com
Arribatec is a software and consulting company headquartered in Oslo. With a
customer-centric engagement model, combined with a deep system, integration, and
domain competence, Arribatec builds long-term strategic partnerships with a
broad customer base. Arribatec serves more than 1200 large entities spread over
25 countries and various industries in the private and public sectors. The
company employs over 450 people with offices in 17 countries and is listed on
the Oslo Stock Exchange under the ticker code ARR.