In a most recent move for shipping data providers, multinational tech corporation ABB has acquired the shipping business of weather and meteorological forecasting specialist DTN.
ABB acquired the shipping business of DTN Europe and DTN Philippines expanding the company’s offering in maritime software.
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 expected to close during the second quarter of 2024.
