Class NK announces agreement to take 20% stake in Tokyo-based company
Agreement to establish a capital tie-up with Japan Marine Science Inc. ClassNK announced that it had reached an agreement to establish a capital tie-up with Japan Marine Science Inc. at a meeting in Tokyo. The tie up agreement will see ClassNK take a roughly 20% stake in the Tokyo-based company, which will issue new shares in exchange for a capital investment from the classification society.ClassNK Managing Director Koichi Fujiwara will also take a position on Japan Marine Sciences Board of Directors.Founded in 1985, Japan Marine Science is Japans largest maritime consulting firm and a leader in maritime IT development. The company is actively involved in the development and application of analysis, training, and software systems in the maritime field.According to ClassNK Managing Director Koichi Fujiwara the tie up presents an important step forward for both companies. With this partnership, we will be able to take advantage of the expertise and specialized knowledge that both our organizations have developed over the years, and apply it to developing new solutions to the challenges faced by the maritime industry, including for example developing comprehensive IT systems to support vessel operations, and other advanced technology development.This investment in Japan Marine Science Inc. marks the ...
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