From left: Brian Rigney, chief executive of CAI Software, Odd Arne Kristengård, chief executive of Maritech, and Wesley Jiang, vice president of STG, a private equity investor that owns CAI.

US company nets seafood software firm Maritech

Editorial team
Published

Norwegian seafood processing and distribution software company Maritech has been acquired by US firm CAI Software, which supplies integrated software and technology solutions for enterprise resource planning (ERP), manufacturing execution systems (MES), eCommerce EDI (electronic data interchange), and warehouse management software (WMS).

The companies said the acquisition will help expand Maritech’s presence in North America and the rest of Europe, and that together CAI Software and Maritech will build a leading, global seafood ERP platform to serve companies of all sizes.

Maritech has until now been owned by seafood sector investor Broodstock Capital, which will continue to be an investor in the combined company.

Global growth

“This is a great milestone for us, and a natural next step towards global growth for Maritech,” said Maritech chief executive Odd Arne Kristengård in a press release. “Together with CAI, we will continue to have a laser focus on our Norwegian home market and customers while increasing the international traction that we have built over the last several years.”

Broodstock Capital partner Jan Erik Lovik said: “The combination of CAI and Maritech will enable us to leapfrog to the next level of performance in the seafood industry. I am so proud of what our team has accomplished so far and am excited about taking our growth strategies to the next level to serve more seafood companies around the world.”

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