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  5. Ocean Technologies Group Acquires Tero Marine AS

M&A Deal Summary

Ocean Technologies Group Acquires Tero Marine AS

On April 24, 2019, Ocean Technologies Group acquired software company Tero Marine AS

Acquisition Highlights
  • This is Ocean Technologies Group’s 1st transaction in the Software sector.
  • This is Ocean Technologies Group’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-04-24
Target Tero Marine AS
Sector Software
Buyer(s) Ocean Technologies Group
Deal Type Add-on Acquisition

Target

Tero Marine AS

Bergen, Norway
Tero Marine AS is one of the world’s major developers of marine information systems. Tero Marine AS TM Master software suite is in use on ships and shipowners’ offices all over the world. TM Master is a fully integrated information system, and is continuously adapting to meet the standards of future shipping operations. The software suite consists of four modules: TM Maintenance, TM Procurement, TM Human Resources and TM Quality & Environment. At the core of the system is a robust database used for data storage and for sharing information between all the modules.

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Buyer(S) 1

Buyer

Ocean Technologies Group

Horten, Norway
Category Company
Founded 1996
Sector Education
DESCRIPTION

Ocean Technologies Group is a provider of technology-enabled training and compliance tools for the maritime, oil and gas industries. Ocean Technologies Group was founded in 1996 and is based in Horten, Norway.

DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2019 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Videotel

London, United Kingdom

Videotel is a provider of training solutions. Videotel's platform includes a Learning Management System (LMS), as well as recording and reporting management software, enabling shipping companies to monitor and track training of their crews using cloud-based technology. Videotel was founded in 1978 and is based in London, United Kingdom.

Buy $90M
Mergr

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