ESG focused digital maritime platform RightShip is acquiring a maritime technology business from Thynk Software, expanding its team and capabilities.
Once the acquisition is complete, likely on 1 September this year, Thynk founder and CEO Marlon Grech will join RightShip as its first chief technology officer.
RightShip launched a new digital platform early last year following close collaboration with Thynk. It said the new platform has been well received by the market and customers.
RightShip CEO Steen Lund said he was pleased to announce the acquisition and that Mr Grech and some 30 colleagues would soon join the team.
“This is a critical strategic development for RightShip as we gain our own in-house technology competence that will underpin our long-term growth objective of being an industry leading ESG focused digital maritime platform,” Mr Lund said.
“Over the past 20 years RightShip have grown purely organically. This acquisition provides RightShip with an exciting opportunity to solidify our very foundation as a digital product builder.”
He said Thynk’s technology expertise would allow RightShip to grow faster than if it had built the capability internally, and from the ground up.
Mr Grech said the acquisition is “a great opportunity” for Thynk to develop its long-term relationship with RightShip.
“We have worked together for several years now and know each other well, and so for me and my Malta based team, this is a natural progression,” he said.
“We are all looking forward to the opportunities that will come our way as being part of the RightShip team.”