Equistone-backed ChartCo makes second bolt-on through Marine Position acquisition

Equistone-backed ChartCo makes second bolt-on through Marine Position acquisition

01 Jun 2017

ChartCo, a leading global supplier of maritime digital data and compliance services backed by Equistone Partners Europe, today announces its acquisition of the Swedish environmental shipping technology expert business Marine Position. The transaction, which represents ChartCo’s second bolt-on acquisition in two months following that of Docmap in April, extends ChartCo's core product strategy of providing a centralised digital platform on board vessels which is linked to key shoreside activities.

Marine Position AB is a global specialist provider of maritime environmental regulations and compliance covering international, national, and local requirements. ChartCo and Marine Position have enjoyed a year-long partnership, supplying the award-winning EnviroManager technology to several major fleets including NYK, Northern Marine, Mideast, Bernhard Schulte, V.Ships, KGJS, and DS Norden. The Swedish office of Marine Position will be expanded and all employees will continue to be involved with the business under its new ownership.

Martin Taylor, CEO of ChartCo, said: “Our customers’ search for solutions to manage the rapidly growing set of global, national, and local requirements for environmental protection led to our initial partnership with Per and his team, as a true specialist in this complex field. This acquisition will allow us to further integrate our EnviroManager service into our PassageManager software, delivering many enhanced customer benefits: pre-voyage environmental planning, shoreside visibility of compliance, and integration with digital log books. All of our customers have environmental concerns high on their agenda.”

Per Österberg, CEO of Marine Position, commented: “I am really pleased to be part of the successful and rapidly growing ChartCo family. I have been massively impressed with how quickly its sales operation has taken our highly specialised product and introduced it to a worldwide customer base. The investment from ChartCo allows us to accelerate product development to match the shipping industry’s ever-growing requirements in environmentally- focused compliance.”

Following this latest acquisition, ChartCo now provides digital data products and services to over 13,500 vessels worldwide. ChartCo’s content portfolio has been extended both organically and through other acquisitions, namely Regs4ships (digital maritime regulations) and Docmap (HSEQ solutions). Marine Position AB adds an industry-leading environmental monitoring, compliance, and reporting system, making the ChartCo offering the most comprehensive on the market.

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