Qualco Group today announces it has acquired a majority stake of 51% in Synthetica, a Data Science and IoT company specialising in the Maritime sector.

Using the “Digital Twin” concept combined with a consultative approach to complex problem solving, Synthetica monitors the operations of a vessel, identifies potential issues and offers decision-making tools that measurably improve asset efficiency and profitability, with its products installed in some of the industries most prominent fleets.

Qualco Group and Synthetica aim to expand their joint propositions and international client footprint through this strategic move.

Mr John Gikopoulos, Chief Innovation Officer & Head of Applied Intelligence at Qualco Group, commented: “We are excited to announce our partnership with Synthetica, a pioneering data science and IoT company. This strategic move will enable us to leverage our combined advanced technologies and expertise to drive industry change and benefit our Maritime clients significantly”.

“We are confident that Qualco Group’s vision, reach, and expertise will enable us to deliver even more innovative and scalable AI-driven solutions to the international market. We are excited about the opportunities this acquisition brings and look forward to working together to unlock its full potential”, Mr Damianos Oikonomidis, CEO of Synthetica, stated.