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Accelleron completes acquisition of True North Marine (TNM) to enhance digital offering

Aug 19, 2024over 1 year ago

Acquiring Company

Accelleron

Acquired Company

True North Marine (TNM)

MontrealConsulting

Description

Accelleron has entered into an agreement to acquire True North Marine (TNM), a Canadian firm specializing in digital weather routing and voyage optimization. This acquisition strengthens Accelleron’s digital solutions and extends its capabilities and footprint in the maritime digital space, supporting marine decarbonization. The combined offering will help ship owners and operators to meet both decarbonization and commercial goals, and expand Accelleron’s digital customer base to 3300 ships.

Company Information

Company

Accelleron

About

We innovate turbocharging technologies that accelerate growth at sea, on land and beyond to help you succeed and move further.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed