Arribatec offloads Marine division in strategic divestment
Deal News | Mar 24, 2025 | Legal Community Italy
Arribatec Group, a Norwegian company listed on the Oslo Stock Exchange, has sold its Arribatec Marine division to Star Information Systems for a total consideration of approximately 25 million Norwegian Krone. Arribatec Marine is renowned for its over 40 years of experience in IT and software system development for naval fleet management, with its main base in Italy and subsidiaries in the USA, Cyprus, and Germany. The buyer, Star Information Systems, is a leading provider of Enterprise Asset Management Systems in the maritime sector and is part of the Longship fund's portfolio. Law firm Ughi e Nunziante played a key role in handling the legal aspects of the transaction, assisted by Norwegian firms CLP and Wiersholm, ensuring compliance with both Italian and Norwegian regulations. This transaction aligns with Arribatec's strategic focus on enhancing business focus and financial flexibility, while also benefitting Star Information Systems by integrating Arribatec Marine's expertise and capabilities to foster growth and development.
Sectors
- Information Technology (IT) Consulting and Services
- Maritime
- Private Equity
Geography
- Norway – Both the buyer (Star Information Systems) and seller (Arribatec Group) are based in Norway.
- Italy – Arribatec Marine has its main operations based in Italy, making it a significant geography for the deal.
Industry
- Information Technology (IT) Consulting and Services – The transaction involves Arribatec Marine, a division focused on IT and software development for maritime fleet management.
- Maritime – Star Information Systems and Arribatec Marine operate primarily in the maritime sector, providing IT solutions for fleet management.
- Private Equity – Star Information Systems is part of the Longship fund's portfolio, indicating involvement from private equity investors.
Financials
- 25 million NOK – The total valuation for the divestment of Arribatec Marine by Arribatec Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arribatec Group | Selling Company | Company | A Norwegian company listed on the Oslo Stock Exchange, involved in IT and software solutions. |
| Arribatec Marine | Target company | Company | A division of Arribatec Group specializing in IT and software for maritime fleet management. |
| Star Information Systems | Bidding Company | Company | A Norwegian company, part of Longship fund, specializing in Enterprise Asset Management Systems for the maritime sector. |
| Ughi e Nunziante Studio Legale | Legal Advisor | Company | Italian law firm advising on the legal aspects of the transaction. |
| CLP | Legal Advisor | Company | Norwegian law firm advising the seller on legal matters. |
| Wiersholm | Legal Advisor | Company | Norwegian law firm assisting the buyer with legal aspects. |