Star Information Systems and Premas join forces
Press release, 03 September 2024
Global maritime software solution providers Star Information Systems AS (“STAR”) and Premas AS (“Premas”) have today announced a partnership backed by Norwegian financial sponsor Longship. The alliance marks a significant step in strengthening both companies and creating an even stronger global player in the maritime and energy sectors.
STAR and Premas are pleased to announce their partnership, which brings two well-established companies together to achieve common goals. This merger marks an essential step in strengthening our position as a leading player in maritime services, with global opportunities and increased delivery capacity.
This merger means security, stability, and new opportunities for the employees. By pooling the resources and expertise from both companies, we are creating a strong organization focused on long-term growth and development.
Our customers will continue to experience superior software and services with enhanced stability and increased delivery capacity within all our solutions, covering Asset Management, Maintenance, QHSE, Supply & Logistics, and Projects.
STAR and Premas have long industry traditions and a good reputation in the market. Together, we build on the best elements from both solid corporate cultures, which makes us better equipped to meet future demands.
At the same time, the merger allows us to utilize the domain expertise across the companies, which will benefit both employees and customers.
“This merger marks the start of a new and exciting journey for both STAR and Premas, intending to build an even stronger, more competitive organization with an increased global reach,” states Bjørn Martin Klokkernes, Managing Director of Star Information Systems.
The merger will not entail substantial changes in the short term for our employees, existing customers, and suppliers.
In the longer term, STAR and Premas’ partnership will result in a joint company with a unified strategy, goals, and ambitions. We aim to strengthen our position as the preferred supplier within our segment, focusing on future growth and development.
Thor Arhaug, CEO of Premas, comments,
“We have been servicing the maritime and offshore industries for over three decades and are delighted to continue our expansion alongside STAR.
With offices on several continents, the new company will have a substantial global presence and be able to serve customers across time zones. This also provides expanded opportunities for our customers, who will have access to the best solutions and services from both companies.
The partnership also involves an integrated operational organization where sales, marketing, finance, and HR come together to strengthen efficiency. Employees will experience further professionalization of the organization.
The new company will have robust growth ambitions, both nationally and globally. A larger company provides new opportunities for our employees with an expanded collegial environment and new tasks.
Premas will also gain access to STAR’s sales and marketing apparatus, which is present in several countries and time zones. At the same time, the merger opens up further acquisitions and growth opportunities, which we will continuously assess.
We look forward to strengthening our cooperation with employees, customers, and partners as a unified, influential player in the global maritime market.
For more information, contact:
Bjørn Martin Klokkernes
Managing Director
bmk@sismarine.com
Premas was founded in 1986. Headquartered in Ålesund, the company provides solutions for equipment maintenance, procurement, HSEQ and crew administration to the maritime and offshore industries, with particularly strong footholds in the Norwegian aquaculture and passenger transport sectors.
Founded in 1997 and headquartered in Trondheim, Star Information Systems pioneered maritime software solutions. With revenues nearing NOK 100 million in 2023, STAR serves an international client base from five global offices, offering solutions that help maritime and energy sectors control, maintain, and optimize their assets. In 2024, STAR partnered with Longship to support their further development into an established leader in the global maritime software space.
Longship is a Norwegian private equity firm established by a group of experienced investment professionals in 2015. Longship invests in companies with significant growth potential in the Norwegian lower mid-market and is applying a transformational growth approach. The investment team comprises twelve professionals, making it the leading player in the Norwegian lower mid-market. Longship now manages approx. NOK 5.2 bn across three funds.
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