Orolia announces the agreement to acquire Netwave Systems B.V.
April 4, 2017
Orolia, announced that it entered an agreement to acquire Netwave Systems, a Netherlands-based company located in Zoetermeer. Netwave is a global leader in Voyage Data Recorders (VDRs) for the global maritime market, and is at the forefront of automated vessel monitoring and integrated safety services. The terms of the deal are not disclosed. Netwave's location, near the port of Rotterdam, one of the world's busiest maritime hubs, cements McMurdo's reach into the commercial marine sector.
Netwave has been leading in the Voyage Data Recorder market since its first product introduction in 2006 and the acquisition of Rutter's VDR business in 2011. VDRs are mandated by the International Maritime Organization on-board every merchant vessel subject to the SOLAS Convention. Netwave's latest model VDR, the NW-6000, is the industry's most advanced product combining a state of the art data playback suite and new generation of hardware, which not only meets the required standards, but also offers vessel owners and operators advanced features for remote monitoring and optimisation of ship performance, via Netwave's unique SeaWise SaaS suite.
Together, Netwave and McMurdo, will work to enhance and integrate onboard safety equipment, to simplify installations, lower through life support costs, and provide new and advanced tools for global vessel operations that can be tailored for a variety of vessel types, both in newbuilding and retrofit. Netwave is well-known for its extensive global network of certified service agents, that supports its customers worldwide, throughout major shipping routes and ports, providing a high level of expertise and service. Combined with the McMurdo brand and global sales capability, and its world leading maritime safety product suites, Orolia becomes the premier global provider of intelligent and resilient safety applications for the maritime marketspace. This acquisition strengthens Orolia's offering today in line with its vision for the future.
"The agreement to acquire Netwave further advances our goal of being a global leader in maritime safety and PNT solutions. The combination of Netwave's advanced VDR solution, with McMurdo's globally recognized safety beacons, GMDSS shipsets, and AIS equipment, puts us in a unique position in the safety electronics segment," said Jean-Yves Courtois, CEO of Orolia. "Furthermore, our portfolio of Resilient PNT technologies, including unique GNSS interference detection and mitigation abilities, will allow us to advance GNSS-based navigation safety and robustness to new levels. We also anticipate great synergies between the Netwave SeaWise application for automation, analysis and monitoring of ship conditions, and our own fleet management applications. We are on the cusp of bringing major advances to the world of maritime logistics, operations and safety."
