Announced
Financials
Sources
Tags
Pending
Acquisition
Majority
Single Bidder
Friendly
Cross Border
Private
Philippines
maritime software
Software
Synopsis
ABB, an automation company, agreed to acquire the shipping business from DTN Europe, IT services and IT consulting firm, and DTN Philippines, a marine software project. Financial terms were not disclosed. “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,” Juha Koskela, ABB Division President.
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