Accelleron completes acquisition of True North Marine (TNM) to enhance digital offering
Aug 19, 2024•over 1 year ago
Acquiring Company
Accelleron
Acquired Company
True North Marine (TNM)
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.
M&A Insights
Based on deal dataIntegration 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