"We look forward to welcoming our new colleagues to the ABB family," said Nick Kou, President of ABB Marine and Ports. "With DTN Shipping's unique weather navigation solution, combined with ABB's existing digital portfolio, we will deliver even more significant benefits to shipowners and operators worldwide."
With the acquisition of the shipping businesses of DTN Europe BV and DTN Philippines Inc, ABB will expand its product line for ship weather navigation, analysis, reporting and shore support
DTN Shipping will complement ABB's existing portfolio of digital solutions, enabling the digital connectivity of more than 5,000 ships
Meteorological navigation is the key to energy saving, emission reduction and decarbonization of shipping industry
ABB today announced an agreement to formally acquire the Shipping businesses of DTN Europe BV and DTN Philippines Inc (" DTN Shipping "), expanding the company's shipping software-related product line. This will make ABB one of the leaders in the ship route optimization market. The DTN Shipping portfolio includes ship route planning software, including applications for route analysis, reporting and modeling. The transaction, financial details of which have not been disclosed, is subject to customary closing conditions and applicable union consultation procedures and is expected to close in the second quarter of 2024.
ABB ship digitization
The acquisition is part of a growing trend for meteorological navigation analytics (or weather-based route analysis) to help ships optimise efficiency and safety. DTN Shipping's business will complement ABB's existing digital offerings, bringing ABB a market-leading application programming interface (API) and expanding the number of ships connected to ABB's network to more than 5,000. ABB and DTN Shipping will work together to ensure high-quality service to customers as always and seamlessly integrate 85 employees, most of whom are based in the Netherlands and the Philippines, into ABB.
DTN Shipping's existing customers will benefit from ABB's expertise in electrification, automation and digital Marine solutions, as well as greater opportunities to improve efficiency and reduce emissions.
"We look forward to welcoming our new colleagues to the ABB family," said Nick Kou, President of ABB Marine and Ports. "With DTN Shipping's unique weather navigation solution, combined with ABB's existing digital portfolio, we will deliver even more significant benefits to shipowners and operators worldwide." This is an important part of our commitment to deploy digital solutions to facilitate better operational decisions and enhance sustainable ship operations. With this acquisition, we can offer a full range of digital services to all types and sizes of fleets, creating unique solutions for ships and their navigational capabilities."
Marc Chesover, President and CEO of DTN, said: "The essence of innovation is collaboration, and this collaboration is an important moment in the evolution of digital solutions for the shipping industry. We are proud of the achievements of the DTN Shipping team and believe that with the support of DTN Shipping products, ABB's solutions will provide even greater value to the industry." DTN looks forward to continuing to provide ABB with core forecasting products after the acquisition closes."
ABB's ABB Ability™ digital solution for the shipping industry has a strong reputation in the passenger ships, icebreakers, container ships and energy vessels markets. With this acquisition, ABB will continue to drive a more sustainable future through technology leadership and further invest in digital solutions to support industry decarbonization and enable efficient development.
DTN is a global data integration, analytics and technology company. With its unique solutions and expertise, DTN provides reliable operational intelligence support to global enterprises with complex supply chain needs. With unique cloud-based data, applications, and industry insights, DTN enables businesses to continue high-quality growth, helping many key industries in the global economy improve their service and cargo transportation capabilities. DTN is headquartered in Minneapolis, the United States, and Utrecht, the Netherlands, with offices and investments in the Americas, Europe and Asia Pacific, and employs more than 1,200 people worldwide.
