Ofiniti buys ZeroNorth's eBDN unit in third deal since 2024 spin-out
What's the deal? Maritime technology company OfinitiDealroom has a profile for this one. Try Dealroom → has agreed to acquire ZeroNorth's electronic bunker delivery note (eBDN) solution, including Singapore-based BTS Pte LtdDealroom has a profile for this one. Try Dealroom →, the legal entity behind the product. Terms were not disclosed. On completion, ZeroNorth's technology and customers will move onto Ofiniti's Bunker Operating System.
What's the endgame? Ofiniti is building the Bunker Operating System to connect supply, demand, and infrastructure across bunkering — the business of supplying fuel to ships. It argues the sector has long run on fragmented systems and data.
Why now? The deal is Ofiniti's third acquisition since it spun out from DNVDealroom has a profile for this one. Try Dealroom → in September 2024, following Singapore-based Angsana TechnologyDealroom has a profile for this one. Try Dealroom → and Dutch firm TeqplayDealroom has a profile for this one. Try Dealroom →. The company now serves more than 200 customers globally and has processed over 50,000 bunker operations.
For ZeroNorth, the sale is a portfolio decision. It plans to concentrate its bunkering investment on procurement, pricing, and planning, applying what it calls "agentic AI" across the voyage.
What changes for customers? Ofiniti says existing eBDN customers will see continuity as the product folds into its digital delivery. "eBDN has an important role to play in the continued digitalization of fuel operations," said Søren Andersen, chief executive officer of ZeroNorth.
Singapore sits at the centre of the strategy. Ofiniti already holds a significant share of the country's digital bunkering market and is raising its multimillion-dollar investment in technology, talent, and local presence.
"Bunkering has been built around fragmented systems, data and ways of working, and we see a huge opportunity to change that," said Tue Raguse, chief executive officer of Ofiniti.
The signal: A young, DNV-backed spin-out is consolidating a splintered maritime software niche one acquisition at a time, betting that a single operating system — anchored in the world's largest bunkering hub — can knit the industry together.
Read more: manifoldtimes.com
Image credit: Generated with Gemini
