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Tero Marine Acquires Close Competitor

Norwegian maritime software house Tero Marine AS has taken a controlling stake in rival company Teomaki AS. Norwegian maritime software house Tero Marine has acquired 95 percent of the shares in one of its closest competitors, Teomaki. Both companies develop IT control and management systems for offshore and maritime companies. Jan Erik Hårvei, CEO of Tero Marine, is delighted with the acquisition.