France’s GTT has bought a 75% stake in ship monitoring and solutions specialist Ascenz of Singapore as it pursues its ambitions for LNG fuelling.
Stocklisted GTT announced it has acquired the shareholding from Ascenz executive founders Chia Yoong Hui and Sia Teck Chong and several investment funds.
Specialising in “Smart Shipping”, Ascenz employs around 40 people and designs operational monitoring and performance optimisation systems for vessels to enable fuel savings and ensure vessel compliance with environmental standards.
