Castor Marine becomes part of the Navarino Group

Castor Marine is excited to announce that Navarino has acquired 100% of the shares of Castor Marine B.V.

This milestone marks an exciting new chapter for both organizations as they come together to better serve their customers with comprehensive, innovative solutions and a shared commitment to excellence.

Both Navarino and Castor Marine are thriving businesses with strong growth trajectories. Each serves a complementary set of customers, with whom they have co-created tailor-made technology and connectivity solutions over many years of success. Key benefits of the deal include an expanded service portfolio, enhanced global presence and accelerated innovation, driving forward the digital transformation of the maritime industry.

Castor Marine will continue to operate independently within the Navarino Group, leveraging additional resources to expand its capabilities. Customers can expect uninterrupted service as well as access to an expanded portfolio of solutions.

“Welcoming Castor Marine into the Navarino Group allows us to deliver even greater value to our customers,” said Dimitris Tsikopoulos, CEO of Navarino. “Together, we can offer enhanced services and exceed the high standards our customers have come to expect of us.”

Ivo Veldkamp, CEO of Castor Marine, echoed this sentiment, stating, “I’m excited to see what Castor Marine will achieve as part of the Navarino Group. This milestone unlocks new possibilities for our people and amplifies our offering.”