The acquisition, hailed as a pioneering move that will benefit the wider industry, reflects growing importance of software technology in improving ship design and operational efficiency
Leading classification society ClassNK acquires NAPA, the world’s leading maritime software house, in a deal hailed as benefitting the improved safety and performance of the whole maritime industry. According to Digital Ship magazine the deal is worth 53 million euros.
The acquisition, will significantly enhance the success and capabilities of both organisations. For ClassNK, which has worked with NAPA for nearly ten years, the landmark deal is a chance to expand and improve the wide range of services it offers to shipowners and shipyards, whilst also providing NAPA with the support to accelerate expansion of existing operations and access new markets.
ClassNK, which provides safety and certification services for more than 8,500 vessels representing more than 20% of the world’s merchant fleet, and NAPA, whose software is utilised by shipyards designing over 90 % of the world’s newbuilds and by major ship owners, said the deal was a reflection of the growing importance of software technology in improving ship design and operational efficiency.
Read more about acquisition at napa.fi
