- Maritime Traffic Management (MTM) is a provider of mission-critical maritime software
- MTM’s products include the Vessel Traffic Management Systems MaritimeControl and the Coastal Surveillance System CoastWatch
- Saab AB is a Swedish aerospace and defence company, founded in 1937
Agilitas Private Equity announced it has signed an agreement to back the buyout of Saab AB’s Maritime Traffic Management business.
MTM, headquartered in Apeldoorn, the Netherlands, is a global provider of software for the maritime sector. The company’s software offering includes the Vessel Traffic Management Systems MaritimeControl and the Coastal Surveillance System CoastWatch.
The software is used by governmental agencies such as port authorities and coastguards to monitor vessel traffic as well as to support the safe and secure navigation of vessels in and around ports, coastal lines, and inland waterways.
MTM employs approximately 170 staff across its offices in the Netherlands, Belgium, Canada and Hong Kong.
“MTM is a great example of the type of investment we seek at Agilitas,” said Kevin Iermiin, partner of Agilitas. “The business benefits from a high degree of defensibility and offers significant transformation potential. Following the carve-out from Saab AB, the business will benefit from being a stand-alone company with a strengthened management team and regained focus on maritime software. We look forward to partnering with the management team in bringing the business to the next level by developing the service offering and expanding the customer base.”
Saab is a Swedish aerospace and defence company, founded in 1937 and headquartered in Stockholm. Development and manufacturing is undertaken in Linköping.
Agilitas is a pan-European, mid-market private equity firm founded in 2011. Its aim is to buy businesses that “serve human and planetary needs”.