ABB to acquire weather routing business to expand marine software portfolio
ABB to expand offering to vessel weather routing, analytics, reporting and shore-based support through the acquisition of the shipping business of DTN Europe BV and DTN Philippines Inc.
DTN shipping capabilities will complement ABB's existing portfolio of digital solutions, resulting in over 5,000 connected vessels
Weather routing is key to optimizing fuel consumption, helping reduce vessel emissions and supporting maritime decarbonization
ABB announced today it has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company's offering in maritime software. This will establish ABB as one of the market leaders in ship route optimization. The acquisition of the DTN Shipping portfolio covers vessel routing software, including analytics, reporting, and modelling applications. Financial details of the transaction were not disclosed. The transaction is subject to customary closing conditions as well as completion of applicable works councils' consultation procedures. It is expected to close during Q2 2024.
The acquisition comes at a time when real-time weather routing analytics play an increasingly important role in helping vessels optimize voyage efficiency and safety. Complementing ABB's existing digital offering, the DTN Shipping business brings market-leading application programming interfaces (API) to ABB and expands the number of vessels connected to ABB networks to over 5,000. ABB and DTN Shipping will work together to ensure continuous customer service and the seamless integration of approximately 85 employees, most of whom are located in the Netherlands and Philippines, into ABB.
Current customers of DTN Shipping will benefit from ABB's expertise in electric, automated and digital marine solutions, securing more opportunities to gain efficiencies, save fuel and cut emissions.
"We look forward to welcoming our new colleagues to the ABB family. With DTN Shipping's unique weather routing solutions, combined with our existing digital portfolio, we can bring significant benefits for ship owners and operators worldwide," said Juha Koskela, Division President, ABB Marine & Ports. "This is integral to our commitment to deploy digital solutions for the purpose of driving better operational decisions, resulting in increasingly sustainable performance of vessels. With this acquisition, we can now offer all levels of digitalization, across all fleet types and sizes, creating a unique offering in vessel and voyage performance."
"Innovation is by nature collaborative," said Marc Chesover, President and CEO of DTN. "This is an important moment in the advancement of digital solutions for the maritime industry. We are proud of what the Shipping team has accomplished at DTN and are confident that the industry will see great value from the expanded ABB offerings that are possible when combined with the DTN Shipping portfolio. DTN looks forward to continuing to provide core forecasting elements to ABB post completion."
