Monterro takes majority stake in maritime software firm Grieg Connect

What's the deal? Swedish investment firm MonterroDealroom has a profile for this one. Try Dealroom → is becoming the majority owner of Grieg ConnectDealroom has a profile for this one. Try Dealroom →, a Norwegian company that makes software for port, terminal and ferry operations. The Grieg GroupDealroom has a profile for this one. Try Dealroom → will stay on as a minority owner, with Markus Grieg keeping his seat on the board. Terms were not disclosed.

What's the endgame? Grieg Connect wants to expand across Europe and other international markets, both organically and through acquisitions. Its products cover port call management, berth planning and invoicing.

Why now? The company says it will use the investment to build AI into its software, with Monterro providing expertise in software technology, AI, go-to-market strategy and international growth.

Chief executive officer Espen Ranvik said Grieg Connect had been looking for a partner with experience in scaling software companies to support its expansion.

"We have followed Grieg Connect for some time and have been impressed by the team, the product and the strong market position they have built," said Nils Olsson, incoming chair of Grieg Connect at Monterro.

The signal: Software investors are increasingly targeting niche maritime tooling, betting that AI and consolidation can turn specialist operators into pan-European platforms.

Read more: Smart Maritime Network

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