“Digitalization is becoming an increasingly important driver of decarbonization in the marine industry by making it easier to track and report on fuel consumption and emissions,” said Accelleron CEO Daniel Bischofberger. “In line with our strategy, we are expanding our digital solutions, and extending our capabilities and footprint through the acquisition of True North Marine in Canada. This acquisition will strengthen our position in the maritime digital space and support marine decarbonization.”

TNM’s offering complements Accelleron’s digital insights for turbochargers, engines, emissions, and hulls and propellers, to address key aspects of vessel performance. Each of the digital modules will interface with existing ship automation systems. In addition, a shared platform will allow owners and operators to collaborate on voyage planning and decarbonization goals, while meeting commercial targets.

“Digitalization and data are fundamental to transformation of the global marine industry,” said Cristian Corotto, president of Accelleron’s digital division. “The new synergies from this acquisition will help customers optimize their global fleet planning, save fuel and money, reduce emissions, and ensure compliance with evolving international regulations.”

“We are extremely excited to join Accelleron’s digital division,” added Brian Hatter, president of TNM. “Our combined offering will create a transparent data connection between the bridge and engine room that allows vessel owners and charterers to work together for more efficient and sustainable operations.”

Accelleron will take over TNM in its entirety and retain all employees. Both parties have agreed not to disclose any information on the purchase price.

The transaction is expected to close in the next weeks, subject to customary closing conditions. The acquisition is funded by existing cash.