UK-based maritime technology and connectivity company Navarino Group has acquired 100% of the shares of Castor Marine, a Dutch shipping and yachting internet connectivity and IT solutions provider.
As explained, both Navarino and Castor Marine serve a complementary set of customers with whom they have co-created tailor-made technology and connectivity solutions.
Key benefits of the acquisition include an expanded service portfolio , enhanced global presence and accelerated innovation , driving forward the digital transformation of the maritime industry, according to the duo.
Castor Marine will continue to operate independently within the Navarino Group, leveraging additional resources to expand its capabilities.
“Welcoming Castor Marine into the Navarino Group allows us to deliver even greater value to our customers,” Dimitris Tsikopoulos , CEO of Navarino, commented.
“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.”
Navarino partners with over 600 shipping companies, supporting more than 12,000 merchant vessels globally. In 2024, the company partnered with Dutch shipping company Vroon to equip its fleet with IT management solutions, bringing on board a digital ecosystem. The solutions helped modernize Vroon’s 65-strong vessel fleet.
In related news, Castor Marine installed in 2024 Starlink Maritime on all of XOCEAN’s uncrewed surface vessels (USVs), enabling the vessels to have high-speed internet.