International design, engineering, science and management consultancy 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.
Smith & Williamson advised on the sale of the BMT SMART business.
By Jake Frith