GreenSteam Acquires BMT Smart

Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation subsidiary UK-based firm SMART.

 The marine efficiency software solutions provider is reputable in leveraging Machine Learning methodologies and next generation fuel saving platforms to stimulate the sustainable development of Shipping and World Sea Trade.

The sale of SMART, a data collection and performance optimization software solution, to GreenSteam, follows a strategic business review by BMT to focus on its core Infrastructure, Defense and Security, Commercial Shipping and Environmental divisions and, as well, to commit to greater collaboration amongst its industry peers on more emissions-reducing fleet-tech solutions that benefit from Machine Learning operational efficiencies.

“We are pleased to complete the sale of SMART. The acquiring company has a strong strategy in place in Machine Learning-based vessel performance solutions that synergises the digital and consulting aspects of the existing business for the benefit of the customer. We wish Ian Sellwood, Technical Director of SMART, and the team every success for the future,” said David McSweeney, Chief Financial Officer of BMT.

“BMT is now wholly focused on our core public, private and government sector consultancy markets. As these markets continue to integrate and evolve with the spread of new disruptors, we are working very closely with our customers to provide what they need for a joined-up future. Specialized Advice and Consultancy is at the heart of what we do; we are certain that this will enable the sectors we address to provide higher quality service in a more cost-effective manner,” added McSweeney.

Shaun Gray, Executive Chairman of GreenSteam stated: “GreenSteam pioneered the application of machine learning in marine vessel optimization and was the first to market with a platform that can accurately analyse a ship’s performance and is quickly becoming the world’s leading brand for optimizing vessel efficiency.

Smith & Williamson advised on the sale of the BMT SMART business.