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GTT acquires 100% of share capital of Marorka

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LNG Industry,

GTT has announced that it has acquired 100% of the share capital of Marorka from its owners and management team.

Based in Iceland and specialised in Smart Shipping, Marorka designs maritime energy monitoring and optimisation systems for vessels, allowing them to reduce their environmental footprint.

In order to meet the requirements set out by the International Maritime Organization (IMO) at the beginning of this year, smart software technologies and operational data analysis will be required, in addition to converting to LNG as a marine fuel.

With over 17 years of experience, Marorka has developed a recognised technical platform and value added applications. Marorka is a good technical, commercial and geographical complement to Ascenz, GTT’s subsidiary based in Singapore, and represents a new milestone in the group’s digital strategy.

Darri Gunnarsson, CEO of Marorka, said: “We are glad to become part of the GTT group; joining forces with Ascenz and GTT experts will boost our presence and our ability to satisfy customer needs.

“We share the same vision on Smart Shipping and its increasing contribution to the improvement of shipping’s operational and environmental performance.”

Philippe Berterottière, Chairman and CEO of GTT, added: “We are happy to welcome Marorka in the group. This acquisition is an important new step in GTT’s digital roadmap. Smart shipping is an essential component to allow the shipping industry to reduce its environmental footprint. LNG shipping players are also increasingly seeking digital solutions to optimise their operations and will benefit from an even more compelling service offering from GTT thanks to this acquisition.”

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