NAVTOR AS and Nautic AB join forces

E-navigation Company NAVTOR has joined forces with Nautic AB to launch NAVTOR NAUTIC AB. This jointly owned operation, based in Gothenburg, Sweden, will now leverage the expertise of the two businesses to offer a fully comprehensive navigational data package to the international shipping industry.

Both NAVTOR and Nautic are established market leaders in their own right. Nautic is the dominant force in the Swedish market for maritime chart and publication supply, while NAVTOR, which only formed in 2011, has quickly risen to become a leading name in e-navigation, with over 50% of the Norwegian fleet subscribing to its simple to use, update and manage ENC service.

This, NAVTOR Managing Director and CEO Tor A. Svanes says, created an obvious synergy and the potential for real customer benefits.

He comments: “NAVTOR is focused on providing navigators with user-friendly digital solutions that reduce their administrative burden and enhance safety, while increasing efficiency for ship managers, owners and operators worldwide.

“However, paper charts are still a vital piece of the navigational jigsaw and, to provide a ‘one stop shop’ for our customers, delivering all the data they require, we saw a strategic need to team up with a leading supplier. Nautic, with its 100-year track record of success in this segment, was the perfect partner. Our new joint business, NAVTOR NAUTIC AB, will put us in a position to serve the maritime industry in the most comprehensive, efficient and quality-focused way. It’s exactly what our customers want.”

Tags: Nautic AB, NAVTOR