Monterro has experience in scaling B2B software companies.
Grieg Connect
Monterro, the largest Nordic investor in B2B software, will become the new majority owner of Grieg Connect, a leading provider of digital software solutions for ports, terminals and ferry operators.
Through the partnership, Grieg Connect aims to accelerate its expansion across Europe and other international markets, and apply artificial intelligence (AI) to further develop its product offering and drive innovation across the maritime sector.
Grieg Group has more than 140 years of maritime experience, while Grieg Connect's SaaS platform digitalizes port call management, berth planning and invoicing, helping ports and ferry operators improve their efficiency, safety and sustainability.
Monterro, for its part, has extensive experience in scaling B2B software companies, as well as expertise in emerging technologies, go-to-market strategies and international expansion, which will support the company's next phase of growth.
"It is exactly the kind of company we look for: a well-run software business with a strong product, deep industry expertise and significant potential for international growth," said Nils Olsson of Monterro, who will become Chairman of the Board of Grieg Connect.
In addition, Espen Ranvik confirmed: "Their expertise and active ownership model will help us strengthen our offering to customers and play an even greater role in the digitalization of the global port industry. We look forward to continuing this journey together."
Finally, Thomas T. Grieg, COO of Grieg Kapital and former Chairman of the Board of Grieg Connect, stated: "For Grieg Kapital, Grieg Connect is a success story that demonstrates how our maritime, commercial and technological expertise can help develop a company and position it for its next phase of growth."