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RINA will acquire a stake in IB

RINA will acquire a stake in IB

RINA announced its will acquire a minority equity stake in IB, the Italian asset management software solutions company.

RINA has a strong commercial partnership with IB, which began in 2013 and led to the development of the ‘InfoShip EGO’ software solution. This cooperation focuses on providing the shipping industry with an asset management software solution and a range of additional services for cruise ships.

For over 30 years – with a revenue of 9.8m euros in 2015 and over 90 employees – IB Group has been dedicated to the planning, production, distribution and development of marine maintenance software, in addition to consultation services for the management of strategic assets.

IB’s portfolio of clients includes AIDA, Carnival, Costa Crociere, Oceania and Regent in the cruise sector, together with companies that operate within the IT, industrial and health sectors.

Michele Francioni, ceo of RINA Services, highlighted: ‘The partnership with IB represents an excellent move that complements the RINA Group’s strategy to increase its competences with the aim of providing added value services that are in line with the current needs of the marine industry.’

In the medium term, a consolidation of the RINA Group–IB collaboration is expected to provide software and added value solutions for the shipping industry (cruise, cargo, ro-pax, etc.) in the areas of maintenance, sustainability (energy efficiency), environmental protection, safety and security.

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