Norwegian investment in Italy
The Italian IT company IB, with headquarters in Rapallo, Italy, a software provider for ship management and artificial intelligence for fleet control, has been acquired by the Norwegian group Arribatec. The latter was recently listed on the Oslo Stock Exchange.
All shares of IB have changed hands from the original shareholders who owned and managed it since 1983, the year of its establishment, to the new group. IB has a work force of 85 employees, and runs an operational office in Miami and one in Cyprus.
The strategic plans for the new Norwegian-powered IB, which focus strongly on a rapid expansion in international markets, include the immediate opening of an operational office in Leer, Germany, and a second one in Singapore. (cd)