Digital Marine Solutions (DMS) has agreed to acquire the marine division of Jeppesen from the Boeing group to add experience with Electronic Navigational Charts (ENCs) to its ecdis portfolio. DMS is owned by the Altor 2003 Fund, which is part of the Nordic-based Altor family of private equity funds. Altor is also the majority owner of the Navico group of marine brands, which includes Simrad ecdis.
Jeppesen Marine produces C-Map ENCs for use on ecdis and electronic chart systems. It has also developed software applications for voyage planning that owners can use for fuel optimisation. OceanView is a powerful planning system that combines navigational charts, environmental information and automatic nautical route planning. It is based on the Jeppesen Professional+ service and official ENC chart databases, the latest weather information and piracy incident reports. Jeppesen also offers the Vessel and Voyage Optimization Solution (VVOS) for onboard ship officers, shoreside operations and cargo planners, technical staff and commercial managers to improve operational efficiency and performance.
If the acquisition gains regulatory approval, Jeppesen Marine will operate as a separate entity with its own dedicated resources and will trade under the C-Map brand name. Other parts of Jeppesen will remain part of the Boeing company. DMS said it will ensure Navico and other third party electronic manufacturers continue to have access to the C-Map portfolio for both recreational and commercial marine services. DMS also promised to develop C-Map’s capabilities and sales by offering enhanced charting, digital content, and services solutions.
If the acquisition is completed, Leif Ottosson will be appointed chairman. He is president and chief executive of Navico. “We look forward to working with the Jeppesen marine team to create fresh innovations and to continue to work with Jeppesen Marine's existing customers to further grow the business,” he said. Pending regulatory approval, the transaction is expected to be completed toward the end of the second quarter this year.