India, Nov. 6 -- Alfa Laval AB (ALFA.ST,ALFVF.PK), an industrial and engineering solutions provider, said on Friday that it has entered into a definitive agreement to acquire Norway-based NAVTOR AS for $700 million or 6.85 billion Swedish Kroner, in an all-cash transaction.
The company said that NAVTOR provides software solutions for e-navigation, vessel performance, and integrated onboard workflows. The acquisition is expected to strengthen Alfa Laval's maritime digital capabilities and expand its portfolio of digital fleet solutions.
NAVTOR will become part of Alfa Laval's Ocean Division, with its platform getting integrated with the existing StormGeo and PortChain platforms. The combined offering will cover onboard software, vessel per...