M&A Deal Summary

Yara Marine Acquires Lean Marine

On July 6, 2021, Yara Marine acquired marine company Lean Marine

Acquisition Highlights
  • This is Yara Marine’s 1st transaction in the Marine sector.
  • This is Yara Marine’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-07-06
Target Lean Marine
Sector Marine
Buyer(s) Yara Marine
Deal Type Add-on Acquisition

Target

Lean Marine

Göteborg, Sweden
website
Lean Marine offers innovative solutions for fuel-saving and increased operational efficiency for the marine industry. The company's goal is to reduce the environmental impact of operating a vessel. Lean Marine’s automated and direct fuel-saving system, FuelOpt, and state-of-the-art performance management and reporting software, Fleet Analytics, have been contracted for more than 200 vessels, representing over 50 different ship-owners, and have helped us develop solid experience in improving the bottom line for customers worldwide. Lean Marine is based in Göteborg, Sweden.

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Buyer(S) 1

Buyer

Yara Marine

Oslo, Norway

website

Category Company
Founded 2010
Sector Marine
DESCRIPTION

Yara Marine provides technologies to enable a greener maritime industry. The company provides a portfolio of green technologies. In addition to SOx scrubbers, it offers turnkey Shore Power solutions that enable vessels to connect to onshore power grids while at berth, and the cutting edge WindWings, advanced wind-assisted propulsion, and route optimization system. WindWings can reduce fuel consumption and CO2 emissions by 30% on average trading patterns. Yara Marine works with ship-owners, yards, and naval architects as partners in its effort to reduce maritime emissions and drive the change towards a greener industry. Yara Marine was formed in 2010 and is headquartered in Oslo, Norway, with branches in Sweden, Poland, and China.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2021) 1 of 1
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