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New Deal


Announced

ABB to acquire the shipping business from DTN Europe and DTN Philippines.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Majority

Single Bidder

Friendly

Cross Border

Private

Philippines

maritime software

Software

Synopsis

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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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