Navarino has completed the acquisition of 100% of the shares of Castor Marine B.V.
According to the companies, the acquisition brings about various advantages, such as an expanded range of services, a stronger global presence, and a boost in innovation, all of which contribute to propelling the digital transformation of the maritime sector.
Castor Marine specializes in providing satellite communication solutions for industries like maritime, offshore, shipping, superyachts, and cruises.
Navarino, on the other hand, focuses on offering technology and connectivity services to the maritime industry.
Both companies emphasize their significant growth trajectories, each catering to a distinct set of customers that complement each other.
This milestone unlocks new possibilities for our people and amplifies our offering.
Ivo Veldkamp
The partnership foresees an exciting future for both entities, built on years of collaboration in developing customized technology and connectivity solutions.
Within the Navarino Group, Castor Marine will maintain its independent operations, leveraging the additional resources to enhance its capabilities.
Navarino's CEO, Dimitris Tsikopoulos, expressed, “By incorporating Castor Marine into the Navarino Group, we aim to provide enhanced value to our clientele. Together, we are committed to delivering superior services that surpass the expectations of our customers.”
Castor Marine's CEO, Ivo Veldkamp, shared his enthusiasm, stating, “I look forward to witnessing Castor Marine's accomplishments as part of the Navarino Group. This milestone opens up new opportunities for our team and enhances our offerings.”
Castor Marine has operational bases in The Netherlands, Greece, and Canada, while Navarino maintains a global presence through its various offices.
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