BMT spins-off SMART to GreenSteam

BMT spins-off SMART to GreenSteam

BMT has sold its UK-based SMART business to GreenSteam, a majority owned company of BP.

19 September 2019

Vessel Performance

BMT spins-off SMART to GreenSteam

BMT has sold its UK-based SMART business to GreenSteam, a majority owned company of BP. The marine efficiency software solutions provider is reputable in leveraging Machine Learning methodologies and next generation fuel saving platforms to stimulate the sustainable development of Shipping and World Sea Trade.

The sale of SMART, a data collection and performance optimisation software solution, to GreenSteam, follows a strategic business review by BMT to focus on its core Infrastructure, Defence and Security, Commercial Shipping and Environmental divisions and, as well, to commit to greater collaboration amongst its industry peers on more emissions-reducing fleet-tech solutions that benefit from Machine Learning operational efficiencies.

“We are pleased to complete the sale of SMART. The acquiring company has a strong strategy in place in Machine Learning-based vessel performance solutions that synergises the digital and consulting aspects of the existing business for the benefit of the customer. We wish Ian Sellwood, Technical Director of SMART, and the team every success for the future,” said David McSweeney, Chief Financial Officer of BMT.

“BMT is now wholly focussed on our core public, private and government sector consultancy markets. As these markets continue to integrate and evolve with the spread of new disruptors, we are working very closely with our customers to provide what they need for a joined-up future. Specialised Advice and Consultancy is at the heart of what we do; we are certain that this will enable the sectors we address to provide higher quality service in a more cost-effective manner,” added Mr McSweeney.

Shaun Gray, Executive Chairman of GreenSteam stated: “GreenSteam pioneered the application of machine learning in marine vessel optimisation and was the first to market with a platform that can accurately analyse a ship’s performance and is quickly becoming the world’s leading brand for optimizing vessel efficiency.

We are very pleased to take on board BMT SMART and integrate their services with our own, this will further accelerate the growth phase that we are already experiencing across all marine sectors.

With the purchase of BMT SMART we can offer our customers even more performance insights and a greater level of service.”

Smith & Williamson advised on the sale of the BMT SMART business.

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