Navarino has acquired 100% of the shares of Castor Marine B.V.
The companies say the key benefits of the deal include an expanded service portfolio, enhanced global presence and accelerated innovation, driving forward the digital transformation of the maritime industry.
Castor Marine provides satellite communications options for the maritime, offshore, shipping, superyachts, and cruise industries.
Navarino provides technology and connectivity solutions to the maritime industry.
The companies say they both have strong growth trajectories with each serving a complementary set of customer.
This milestone unlocks new possibilities for our people and amplifies our offering.
Ivo Veldkamp
And they say the agreement marks an exciting new chapter for both organisations.
They have co-created tailor-made technology and connectivity solutions over many years.
Castor Marine will continue to operate independently within the Navarino Group, using the additional resources made available to expand its capabilities.
“Welcoming Castor Marine into the Navarino Group allows us to deliver even greater value to our customers,” explained Dimitris Tsikopoulos, CEO of Navarino. “Together, we can offer enhanced services and exceed the high standards our customers have come to expect of us.”
Ivo Veldkamp, CEO of Castor Marine, added: “I’m excited to see what Castor Marine will achieve as part of the Navarino Group. This milestone unlocks new possibilities for our people and amplifies our offering.”
Castor Marine has facilities in The Netherlands, Greece and Canada.
Navarino has offices around the world.
