The Dutch company MO4, which develops technology that enables weather risk planning for the offshore industry, has taken over BMO, a data solution company for the marine industry. The strategic acquisition enables MO4 to become a one-stop-shop for marine operational excellence. The deal will take effect in January 2021.

The acquisition of BMO has been the result of fruitful cooperation between the two companies in recent times and is a response to demand from the market where wind farm owners and vessel operators are pushing the digitization of the industry to allow for higher efficiency and improved safety performance, the companies said.

Standard for offshore operational intelligence
MO4 was founded in early 2018. MO4s digital twins of ships can forecast the dynamic response of a ship more than a week in advance, allowing critical decisions to be made in terms of routing, changing heading, remaining in port, and more. The solutions are used by clients to streamline their operations in terms of workability, CO2 footprint and safety.

BMO is synonymous with offshore vessel performance analytics in the offshore wind industry. As the developers of the CTV transfer score system and the Argus SOV operations analytics platform, BMO leverages a fundamental understanding of marine operations to turn data into actionable insights.

MO4 states it wants to become the standard for offshore operational intelligence, from the planning through execution to the implementation of lessons learned. Combining MO4’s knowledge of operational forecasting with BMO’s data acquisition and data analytics is a step towards achieving this.

Mark Paalvast, Technology Director of MO4: We’re very excited about joining forces with BMO. We have focused in the past years on developing technology that enables weather risk planning to the offshore industry with unprecedented accuracy, using our digital twins. However, in order to provide the full picture for our clients, we also need to look at the realized performance of the vessel.

This is precisely the technology that BMO has built and tailored over the years for the offshore wind maintenance industry. Solutions like daily progress reports and an online dashboard that yields business intelligence, to asset owners and their clients, will be integrated into one product. We will be working jointly on developing solutions that provide these services for other segments of the market.”

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