Friday, April 18, 2008

Jeppesen acquires Ocean Systems

Jeppesen has announced the purchase of Ocean Systems, Inc., a provider of vessel and voyage optimisation solutions. Ocean Systems will become a part of Jeppesen’s marine division.
Ocean Systems is based in Alameda, California. The companies are not disclosing terms of the transaction, but say that the acquisition will not affect Boeing’s financial guidance.
“We are very pleased to welcome the Ocean Systems team to the Jeppesen and Boeing families,” said Mark Van Tine, Jeppesen president and CEO.
“The voyage optimisation solutions developed by Ocean Systems deliver increased safety and substantial fuel savings over conventional route planning methods. In addition to improving customer operating efficiencies, the resulting voyage optimisation helps them to reduce greenhouse gas emissions and their overall environmental footprint.”
“We are excited to become an integral part of Jeppesen’s and Boeing’s marine solutions,” added Dr. Henry Chen, president of Ocean Systems, Inc.
“With their support and resources, we will make a great contribution to the advancement of maritime transportation technologies.”

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