ShipNet A/S (“ShipNet”), a provider of enterprise resource planning (ERP) shipping solutions for the marine industry, has been acquired by Volaris Group. The acquisition is Volaris’ second acquisition in the marine vertical.
ShipNet’s ERP solution covers the full range of Chartering and Operations, Finance and Accountancy, Technical Management, Procurement and Disbursement Management, and is used by over 300 shipping related companies worldwide. The company also has a close working relationship with its former owner, Inchcape Shipping Services, as part of its overall offering.
Suren Thadani, CEO of ShipNet, said, “We are eager to grow our business further and expand our presence in the marine market. We are excited about Volaris’ long-term commitment to our business and the opportunity to access industry best practices and synergies that exist within their emerging marine vertical. With this commitment to the long term, we can continue to grow our business to better serve our customers worldwide”.
“ShipNet is a great fit for our marine portfolio. Volaris gained significant knowledge in helping to grow companies within the Marine industry through its previous acquisition of SpecTec in 2012”, said Giampiero Soncini, Managing Director of the Volaris Marine Portfolio. “The ShipNet team and customers can benefit from this experience and Volaris’ commitment to the marine industry”.
ShipNet is headquartered in Oslo, Norway, with regional presence in Singapore, Japan, India, the United States and the United Kingdom. The company continues to be led by the leadership team with oversight from Volaris.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com