Geoxyz buys Belgian software firm DotOcean to deepen defence push

What's the deal? GeoxyzDealroom has a profile for this one. Try Dealroom →, a Belgian company specialising in monitoring critical underwater infrastructure, has acquired DotOceanDealroom has a profile for this one. Try Dealroom →, a software firm based in Bruges. DotOcean develops software for the maritime sector and for defence-related projects.

Who's behind it? The Colruyt family and the Colruyt group sit in the background of the deal.

What's the endgame? The acquisition adds DotOcean's software expertise to Geoxyz, sometimes described as a "surveyor of the sea." That combination strengthens Geoxyz's position in monitoring underwater infrastructure and in maritime and defence work.

The signal: The deal reflects growing commercial interest in maritime and defence technology, with established players folding in specialist software firms to broaden their capabilities.

Read more: De Tijd

Image credit: Marion Doss