AST Networks Acquires Reygar to Enhance Maritime IoT Capabilities

Written by Copernical Team Saturday, 27 April 2024 19:58

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London, UK (SPX) Apr 26, 2024

AST Networks has expanded its technology portfolio with the acquisition of Reygar Ltd., integrating advanced performance monitoring systems for both crewed and un-crewed maritime vessels. This move strengthens AST Networks' position in the global maritime communication and connectivity sphere. The acquisition aims to harness Reygar's expert

AST Networks Acquires Reygar to Enhance Maritime IoT Capabilities
by Sophie Jenkins
London, UK (SPX) Apr 26, 2024

AST Networks has expanded its technology portfolio with the acquisition of Reygar Ltd., integrating advanced performance monitoring systems for both crewed and un-crewed maritime vessels. This move strengthens AST Networks' position in the global maritime communication and connectivity sphere.

The acquisition aims to harness Reygar's expertise, particularly its leading platform, BareFLEET, and integrate it into AST Networks' operations, promising enhanced efficiency and customer value. Reygar's addition will allow AST Networks to offer a broader range of tailored solutions to meet the diverse needs of modern maritime fleets.

"With the acquisition of Reygar, AST Networks is poised to deliver even greater value to our customers," said Gregory Darling, Founder and Chairman of AST Networks. "Reygar's expertise in vessel performance monitoring perfectly complements our existing suite of IoT (IRAMS) and network solutions, allowing us to offer end-to-end capabilities for optimizing fleet operations, enhancing safety, and maximizing efficiency."

The partnership is set to produce a synergy that will facilitate the creation of more comprehensive, data-driven solutions, aiding customers in optimizing operations and promoting growth within their organizations.

"We are excited to join forces with AST Networks and bring our expertise in vessel performance monitoring to a wider audience," said Chris Huxley-Reynard, Managing Director at Reygar Ltd. "Together, we will continue to innovate and deliver solutions that empower maritime companies to achieve their operational objectives with confidence."

This strategic collaboration marks a significant step for AST Networks as it continues to innovate and lead in delivering robust maritime communication and technology solutions. With the creation of AST Reygar, the company reaffirms its dedication to excellence and innovation in the maritime industry.