The Navarino Group has acquired all shares of Castor Marine BV. Castor Marine is a Dutch shipping and yachting internet connectivity and IT solutions provider. UK-based Navarino Group offers complete hardware, software and connectivity solutions for the maritime industry.
Through the acquisition, both organisations hope to better serve their customers with comprehensive, innovative solutions.
Both Navarino and Castor Marine are thriving businesses with strong growth trajectories. Each serves a complementary set of customers, with whom they have co-created tailor-made technology and connectivity solutions. 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.
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Continued independent operation
Castor Marine will continue to operate independently within the Navarino Group, leveraging additional resources to expand its capabilities. Customers can expect uninterrupted service as well as access to an expanded portfolio of solutions.
‘Welcoming Castor Marine into the Navarino Group allows us to deliver even greater value to our customers,’ says 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, adds: ‘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.’
Picture: Ivo Veldkamp, founder and CEO of Castor Marine (by Castor Marine).
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