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NAVTOR continues to evolve its eNavigation solutions with the acquisition announced today of Tres Solutions, a 5-year-old Houston-based tech start up that specializes maritime software and analytics, a natural fit for NAVTOR as it pushes to expand its role in the global fleet\u2019s vessel analytics and performance optimization. <\/em><\/strong><\/p>\n <\/p>\n Financial specifics of the acquisition were not made available.<\/p>\n <\/p>\n \u201cWe (explored) the market and we ended up with Tres Solutions, the very best in the market,\u201d said Tor Svanes, CEO, NAVTOR.<\/p>\n <\/p>\n The purchase follows on the heels of NAVTOR\u2019s launch of NavFleet, a fleet management application delivering real-time operational insight, performance optimization and enhanced business decision making. Tres Solutions\u2019 digital products will now integrate into NAVTOR\u2019s offering, creating a unified platform designed to help shipowners and operators enhance operations.<\/p>\n <\/p>\n NAVTOR solutions today are onboard 7000 individual vessels.<\/p>\n <\/p>\n In August 2020, Accel-KKR, a Silicon Valley operation with more than $10 billion in capital commitments, took a majority stake in NAVTOR, giving the team the financial backing to take business development to the next level. <\/p>\n See Related Stories:<\/strong><\/p>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" NAVTOR continues to evolve its eNavigation solutions with the acquisition announced today of Tres Solutions, a 5-year-old Houston-based tech start up that specializes maritime software and analytics, a natural fit for NAVTOR as it pushes to expand its role in the global fleet\u2019s vessel analytics and performance optimization. Financial specifics of the acquisition were not …<\/p>\n","protected":false},"author":1,"featured_media":25686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1128,2288,1800,14882],"class_list":["post-25685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-acquires","tag-navtor","tag-solutions","tag-tres"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/25685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=25685"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/25685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/25686"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=25685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=25685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=25685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
DLA Piper LLP and Brodies LLP provided legal advisory for NAVTOR on the transaction; McGuireWoods LLP served as legal advisors for Tres Solutions.<\/p>\n