ABB – ABB to acquire weather routing business to expand marine software portfolio
- ABB to expand offering to vessel weather routing, analytics, reporting and shore-based support through the acquisition of the shipping business of DTN Europe BV and DTN Philippines Inc.
- DTN shipping capabilities will complement ABB’s existing portfolio of digital solutions, resulting in over 5,000 connected vessels
- Weather routing is key to optimizing fuel consumption, helping reduce vessel emissions and supporting maritime decarbonization
ABB announced today it has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (hereinafter DTN Shipping), expanding the company’s offering in maritime software. This will establish ABB as one of the market leaders in ship route optimization. The acquisition of the DTN Shipping portfolio covers vessel routing software, including analytics, reporting, and modelling applications. Financial details of the transaction were not disclosed. The transaction is subject to customary closing conditions as well as completion of applicable works councils’ consultation procedures. It is expected to close during Q2 2024.
The acquisition comes at a time when real-time weather routing analytics play an increasingly important role in helping vessels optimize voyage efficiency and safety. Complementing ABB’s existing digital offering, the DTN Shipping business brings market-leading application programming interfaces (API) to ABB and expands the number of vessels connected to ABB networks to over 5,000. ABB and DTN Shipping will work together to ensure continuous customer service and the seamless integration of approximately 85 employees, most of whom are located in the Netherlands and Philippines, into ABB.
Current customers of DTN Shipping will benefit from ABB’s expertise in electric, automated and digital marine solutions, securing more opportunities to gain efficiencies, save fuel and cut emissions.
“We look forward to welcoming our new colleagues to the ABB family. With DTN Shipping’s unique weather routing solutions, combined with our existing digital portfolio, we can bring significant benefits for ship owners and operators worldwide,” said Juha Koskela, Division President, ABB Marine & Ports. “This is integral to our commitment to deploy digital solutions for the purpose of driving better operational decisions, resulting in increasingly sustainable performance of vessels. With this acquisition, we can now offer all levels of digitalization, across all fleet types and sizes, creating a unique offering in vessel and voyage performance.”
“Innovation is by nature collaborative,” said Marc Chesover, President and CEO of DTN. “This is an important moment in the advancement of digital solutions for the maritime industry. We are proud of what the Shipping team has accomplished at DTN and are confident that the industry will see great value from the expanded ABB offerings that are possible when combined with the DTN Shipping portfolio. DTN looks forward to continuing to provide core forecasting elements to ABB post completion.”
ABB Ability™ digital solutions for the marine industry are well-established in passenger, ice-going, container and energy vessel segments. With this acquisition, ABB further strengthens the company’s focus on investing in digital solutions that support decarbonization and enable better resource efficiency, in line with the ABB purpose to drive a more sustainable future through technology leadership.
DTN is a global, data, analytics and technology company. Its proprietary solutions and expertise deliver trusted operational intelligence for organizations with complex supply chains worldwide. Access to the unparalleled, cloud-based data, applications and insights that DTN offers help businesses prosper, improving service delivery and the movement of goods for many critical sectors of the global economy. DTN is headquartered in Minneapolis, MN and Utrecht, Netherlands and operates or has investments in the Americas, Europe, and the Asia Pacific region with support from more than 1,200 employees worldwide.
SourceABB
EMR Analysis
More information on ABB: See full profile on EMR Executive Services
More information on Björn Rosengren (Chief Executive Officer, ABB): See full profile on EMR Executive Services
More information on Juha Koskela (Division President, ABB Marine & Ports Division, ABB): See full profile on EMR Executive Services
More information on ABB Ability™: See full profile on EMR Executive Services
More information on DTN: https://www.dtn.com/ + Operational intelligence for confident decisions.
Your decisions and your business depend on the best data and insights available. As a data, analytics and technology company, DTN brings you the operational intelligence you need to make confident decisions that improve your bottom line and reduce risk.
DTN insights help fuel decisions for fast-moving industries worldwide. Our unique data and technologies empower organizations all along the global supply chain with the operational intelligence that helps businesses prosper. We are proud to be a trusted source of information and innovation for our customers who help feed, fuel and protect the world.
TN is headquartered in Minneapolis, MN and Utrecht, Netherlands and operates or has investments in the Americas, Europe, and the Asia Pacific region with support from more than 1,200 employees worldwide.
More information on Marc Chesover (President and Chief Executive Officer, DTN): https://www.dtn.com/about-us/leadership/ + https://www.linkedin.com/in/marc-chesover/
EMR Additional Notes:
- Carbon Dioxide (CO2):
- Primary greenhouse gas emitted through human activities. Carbon dioxide enters the atmosphere through burning fossil fuels (coal, natural gas, and oil), solid waste, trees and other biological materials, and also as a result of certain chemical reactions (e.g., manufacture of cement). Carbon dioxide is removed from the atmosphere (or “sequestered”) when it is absorbed by plants as part of the biological carbon cycle.
- Biogenic Carbon Dioxide (CO2):
- Carbon Dioxide released as a result of the combustion or decomposition of organic material, that is biomass and its derivatives. Examples include carbon dioxide released during the combustion of wood and biogas generated by decomposition.
- Biogenic Carbon Dioxide (CO2) and Carbon Dioxide (CO2) are the same. Scientists differentiate between biogenic carbon (that which is absorbed, stored and emitted by organic matter like soil, trees, plants and grasses) and non-biogenic carbon (that found in all other sources, most notably in fossil fuels like oil, coal and gas).
- Carbon Capture and Storage (CCS):
- CCS involves the capture of carbon dioxide (CO2) emissions from industrial processes, such as steel and cement production, or from the burning of fossil fuels in power generation. This carbon is then transported from where it was produced, via ship or in a pipeline, and stored deep underground in geological formations.
- CCS projects typically target 90 percent efficiency, meaning that 90 percent of the carbon dioxide from the power plant will be captured and stored.
- Decarbonization:
- Reduction of carbon dioxide emissions through the use of low carbon power sources, achieving a lower output of greenhouse gasses into the atmosphere.
- Carbon Footprint:
- There is no universally agreed definition of what a carbon footprint is. A carbon footprint is generally understood to be the total amount of greenhouse gas (GHG) emissions that are directly or indirectly caused by an individual, organization, product, or service. These emissions are typically measured in tonnes of carbon dioxide equivalent (CO2e).
- In 2009, the Greenhouse Gas Protocol (GHG Protocol) published a standard for calculating and reporting corporate carbon footprints. This standard is widely accepted by businesses and other organizations around the world. The GHG Protocol defines a carbon footprint as “the total set of greenhouse gas emissions caused by an organization, directly and indirectly, through its own operations and the value chain.”
- API (Application Programming Interface):
- A set of definitions and protocols to build and integrate application software. Software intermediary that allows two applications to talk to each other. Each time you use an app like Facebook, send an instant message, or check the weather on your phone, you’re using an API.
- APIs are needed to bring applications together in order to perform a designed function built around sharing data and executing pre-defined processes. They work as the middle man, allowing developers to build new programmatic interactions between the various applications people and businesses use on a daily basis.
- There are four principal types of API commonly used in web-based applications: public, partner, private and composite
