Orolia Completes Acquisition of Netwave Systems B.V.

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By MarEx 2017-05-02 15:12:16

Orolia, the world leader in Resilient Positioning, Navigation and Timing (PNT) solutions, announced today the successful acquisition of Netwave Systems, a Netherlands-based company located in Zoetermeer.  

Netwave is a global leader in Voyage Data Recorders (VDRs) for the global maritime market, and is at the forefront of automated vessel monitoring and integrated safety services. The terms of the acquisition were not disclosed. Netwave’s location, near the port of Rotterdam, one of the world’s busiest maritime hubs, cements Orolia’s reach into the commercial maritime sector.

Netwave has been leading in the Voyage Data Recorder market since its first product introduction in 2006 and the acquisition of Rutter’s VDR business in 2011. VDRs are mandated by the International Maritime Organization on-board every merchant vessel subject to the SOLAS Convention. Netwave’s latest model VDR, the NW-6000, is the industry’s most advanced product combining a state of the art data playback suite and new generation of hardware, which not only meets the required standards, but also offers vessel owners and operators advanced features for remote monitoring and optimization of ship performance, via Netwave’s unique SeaWise SaaS suite.

Together, Netwave and McMurdo, another Orolia brand, will work to enhance and integrate on-board safety equipment, simplify installations, lower through life support costs, and provide new and advanced tools for global vessel operations that can be tailored for a variety of vessel types, both in newbuilding and retrofit. Netwave is well-known for its extensive global network of certified service agents, that supports its customers worldwide, throughout major shipping routes and ports, providing a high level of expertise and service. Combined with the McMurdo brand and global sales capability, and its world leading maritime safety product suites, Orolia becomes the premier global provider of intelligent and resilient safety applications for the maritime marketspace. This acquisition strengthens Orolia’s offering today in line with its vision for the future.

“The acquisition of Netwave firmly establishes Orolia as a global leader in maritime safety and PNT solutions by combining Netwave’s advanced VDR solution with McMurdo’s globally recognized safety beacons, GMDSS shipsets, and AIS equipment,” said Jean-Yves Courtois, CEO of Orolia.  “We are on the cusp of bringing major advances to the world of maritime logistics, operations and safety.”

The products and services herein described in this press release are not endorsed by The Maritime Executive.