This UK-based maritime technology company with nearly 40 years of experience, is offered for sale due to the retirement of its founder. The company is a globally recognized provider of Electronic Chart Display and Information Systems (ECDIS), with over 500 systems installed worldwide and a strong base of recurring revenue from support and training contracts.
Key Assets & Strengths
- Flexible suite of software products: A family of advanced, modular navigation products including ECDIS, ECS, Office, and Training versions.
- Type-Approved ECDIS: Certified through 2029, compliant with IMO and SOLAS standards, and supported by ISO 9001:2015 quality systems.
- Recurring Revenue: High-margin support and training contracts.
- Proven Codebase: Developed in-house using Microsoft Visual C++, refined over decades.
- Registered EU Trademark
- Strategic Partnerships: Admiralty and C-Map chart data integration.
- Growth Potential: Expansion into small commercial vessel markets with upcoming UK MCA regulations (SV-ECS from July 2025).
Market Position
- One of fewer than 30 globally approved ECDIS manufacturers.
- Serves a market of 15,000 annual ECDIS installations and hundreds of thousands of small commercial vessels.
- Wide range of customers from wind farm support vessels to supertankers.
Off-Balance Sheet Value
Estimated at £500,000 for software IP, type approvals, customer base, and distribution network—none of which are capitalized in the accounts.
Ideal Buyer
A company with expertise in maritime bridge equipment and established sales channels, looking to expand into ECDIS and ECS markets.
