News

News from our Members and Partners

23 September 2019

BMT spins-off SMART to GreenSteam following strategic review

BMT, a leading international design, engineering, science and management consultancy, 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.

David McSweeney, Chief Financial Officer of BMT, said:

“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".

David McSweeney, added:

“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".

Shaun Gray, Executive Chairman of GreenSteam stated:

“GreenSteam pioneered the application of machine learning in marine vessel optimization 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.

 

About BMT:

BMT is an international design, engineering and risk management consultancy, working principally in the defence, energy and environment, marine risk and insurance, maritime transport and ports and logistics sectors. BMT invests significantly in research. Its customers are served through a network of international subsidiary companies. The group’s assets are held in beneficial ownership for its staff. w: www.bmt.org

Member Highlight

Oceanology International 2020

The Oceanology International portfolio of events offers world leading exhibitions and conferences where industry, academia and government share knowledge and connect with the marine science and ocean technology communities.

Read more