Copenhagen-based Danelec, the technology provider specialising in maritime safety and sustainability, and a global leader in ship data management solutions that drive efficiency and safety at sea, acquired the Nautilus Labs technology platform to carve a niche in the market, leveraging equipment expertise and robust analytics capabilities.
“With the acquisition of Nautilus Labs’ AI-based technology platform, we are looking to broaden our scope of impact,” said Casper Jensen, CEO at Danelec. “Not only do we get to build on the market-leading maritime analytics platform that Nautilus Labs has spent the last seven years building, but we are also onboarding a team of industry top talent.”
The Nautilus Labs platform will continue in its current form and support its customers on existing terms. However, leveraging the synergies of Danelec’s extensive onboard capabilities within quality data capturing and Nautilus Lab’s capabilities within analytics and machine learning, entirely new and more impactful solutions are at the centre of the joint value proposition guiding this strategic acquisition.
With the acquisition, Danelec is expanding its capabilities into the realm of vessel optimisation. The combined suite aims to provide a comprehensive solution for fleet efficiency, incorporating shaft power meters, digital data capturing and Nautilus Labs’ fleet performance platform, providing customers with valuable insight to optimise operations, realise savings and ensure compliance.
“The maritime sector is currently undergoing rapid digitalisation and to secure a solid foundation for this digital transformation, it is key that it stands on the shoulders of high-quality, high-frequency data,” said Mr Jensen. “With the acquisition of Nautilus Lab’s technology platform, we are able to serve our customers from end-to-end of their digital journey. With our installed base of 13,000 vessels, we feel confident that we are well-positioned to commercialise Nautilus Lab’s technology platform.”
While the integration of the AI-based technology platform will enable Danelec to expand horizontally within the market of maritime digitalisation, the acquired capabilities will not change the agnostic approach that characterises Danelec’s position in the market.
“Our business model is – and will continue to be – technology agnostic,” said Mr Jensen. “Our position in the maritime market is built on our open platform approach that is well-known from our VDR business as well as our shaft power, and ship performance business. We don’t need to lock our customers in – we believe that we can bring the most useful solutions to the market if we have our customers and their needs at the enter of our offerings. To do so, we deliver solutions that can tap into our customers’ existing setups to fit their needs. With our latest acquisition, we can now deliver end-to-end.”
“We are excited to see Nautilus Platform come to life in the hands of Danelec and to advance it further on top of the solid foundation of high quality, high frequency data captured from Danelec’s extensive install base,” added Matt Heider, CEO of Nautilus Labs. “Together, we can’t wait to deliver even more value to our customers.”
The acquisition is Danelec’s third within two years, following the company’s purchase in December 2021 of Norwegian KYMA AS, a leading specialist in digital monitoring of ship operations, and the acquisition of the VDR and MDE business of MacGregor in November 2023.
Last week, Danelec published its latest annual report boasting massive growth with revenue almost doubling from 168 million DKK last year to 298 million DKK in 2022/23 with 53% organic growth.