Accel-KKR-backed NAVTOR to acquire Ingenium Marine.

Accel-KKR-backed NAVTOR, a developer of navigational software for the maritime industry, agreed to acquire Ingenium Marine, a developer of navigational software. Financial terms were not disclosed. “That’s what we’ve achieved through leading the development of e-Navigation and, since the acquisition of Tres Solutions, performance monitoring and optimisation. Ingenium has travelled the same road with logbooks – taking an onerous, complicated, often unreliable, and out-dated paper-based system and transforming it for 21st century demands. Digital logbooks may not be mandatory yet, but when the industry sees what is possible they will be… and they’ll be a rush to adopt to maximise competitive advantage," Tor Svanes, NAVTOR CEO.