Dubai's Marcura Group Acquires ShipServ

Dubai's Marcura Group Acquires ShipServ

Strategic acquisition marks a significant milestone for both companies

The Marcura Group today announced that it has signed a definitive agreement to acquire ShipServ, a leading maritime online procurement platform and marketplace.  

This strategic acquisition marks a significant milestone for both companies and is expected to be finalised in the coming weeks.  

Upon merging, both companies will benefit from joint talent, expertise, and a broadened solutions portfolio to deliver an innovative, customer-centric platform built for the Blue Economy.  

ShipServ’s 126 employees will come together with Marcura’s 850 to serve a combined customer base of 800 blue-chip maritime customers and a network of 47,000 maritime suppliers globally.

Jens Poulsen, Marcura Group CEO said: “The combination of Marcura and ShipServ creates an industry-leading vertical software, data, payments and procurement platform focused on the maritime sector.  

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"Our extensive blue-chip customer base spans the world’s largest commodity shipping, container and cruise line organisations."

Henrik Hyldahn, CEO of ShipServ, emphasised the advantages of becoming part of a larger family of renowned brands and solutions which, like ShipServ, share a common mission to drive innovation within the maritime industry.  

Hyldahn stated: "Joining forces with Marcura will allow us to further accelerate network adoption and reinforce our positioning within the joint company’s wider platform.  

"Our integration with Marcura will enable our team to increase the long-term strategic value and product differentiation of ShipServ’s e-procurement offerings.  

"By incorporating additional features such as payments, proprietary compliance data and settlement workflow, we can offer solutions to the industry’s growing need for digitalisation, efficiency and compliance.”  

Poulsen concluded: "Marcura's existing suite of solutions in port spend management, compliance, port optimisation intelligence, and supplier, agent, and crew payments has already established strong relationships with various departments within ship owner and operating companies."

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