ZeroNorth and Alpha Ori Technologies (AOT) have announced today that they intend to join forces to create a maritime optimisation company.
Subject to regulatory approval, the two companies plan to generate synergies by combining Alpha Ori Technologies’ expertise in IoT sensors and high frequency data and ZeroNorth’s multi-service technology platform to create new sustainability solutions for shipping.
The company intends to operate under the ZeroNorth brand and Søren Meyer, ZeroNorth’s current CEO, will remain at the helm of the joint set-up. Both of AOT’s current Co-CEOs, Bala Sankaran and Rajesh Unni, will become non-executive board members of the joint business.
The agreement will also enable customers to access 12 different services using one platform and one data source. ZeroNorth will interconnect data, providing collection, insights, and analysis.
The joint business will remain an independent company with robust financial backing and heritage from top industry leaders, leveraging their knowledge to deliver transformative solutions that positively impact the sector.
The company will retain its global office presence, headquartered from Copenhagen, and a combined workforce of 780 people, approximately one third of which are full-time consultants.
Speaking on the announcement, Søren Meyer, CEO, ZeroNorth stated that this is a strategic move that will not just benefit their customers, but the sector as a whole.
Joining forces with ZeroNorth secures a market leading position for our companies, and enables us to propel the industry towards greater profitability and sustainability outcomes.
… added Bala Sankaran, Co-CEO Alpha Ori Technologies
