ZeroNorth and Alpha Ori Technologies forge merger

According to ZeroNorth, this merger with Alpha Ori Technologies sets the stage for a new phase of growth, aiming to enhance value for their extensive clientele of over 4,500 vessels and 200+ customers. The merged company will leverage AI and human expertise, along with Alpha Ori Technologies’ IoT sensor data capabilities, to streamline resource management, predict maintenance, optimize voyages, and digitalize bunker operations.

To remind, during the 2023 SMART4SEA Athens Forum, Themistoklis Sardis, IT Manager, Costamare Shipping Company S.A. explained that there are several AI applications in the shipping industry, including automation of cargo handling and management, optimization of routes and logistics, and predictive maintenance of ships and other equipment.

This integration aims to provide customers with a comprehensive data source to improve profitability and environmental sustainability in line with their operational objectives.

The combined company will have the size to accelerate the impact on the shipping and maritime value chain. It is a statement of intent to the market, underlining the power and potential of our partnership and platform to support customers’ economic and environmental strategic goals.

… said Søren Meyer, CEO, ZeroNorth 

The merger is expected to accelerate data-driven solutions, fostering a greener global trade ecosystem and empowering industry-wide decision-making across the value chain.

I’m proud to have founded a company that delivers value to our customers and brings technology and data to the forefront in making global trade green. I celebrate the new ZeroNorth and its potential to accelerate the green transition for our customers, the industry, and the planet.

… commented Bala Sankaran, Co-CEO Alpha Ori Technologies

Under the leadership of Søren Meyer as CEO, ZeroNorth will maintain its independence while benefiting from robust financial backing and expertise inherited from both organizations.