Page 67: of Maritime Reporter Magazine (June 2005)

June 2005 67 it intends to appoint Nigel Rich as non- executive Chairman. It also confirmed that Ray Miles will continue to exercise overall executive responsibility as act- ing CEO until the appointment of a new

CEO.

CP Ships Acquires Borg

CP Ships Limited has acquired Borg

International Freight Services Inc.

Based in Montreal, Borg specializes in ocean and air freight forwarding and employs 22 people. Its annual gross rev- enue in 2004 was $14 million. Borg's owner and founder Richard Azoulay is assuming a management role within the

CP Ships logistics organization.

AMOS Software Group

Sold

Left to right: Giampiero Soncini (CEO), Nicola

Scopsi (Legal Advisor on the Purchasing team),

Stefano Foti (CFO) and Paul Ashton (VP,

Northern Europe)

The AMOS software division of

Xantic has been acquired from the

Dutch telephone group, KPN, by an international group of investors, includ- ing members of the previous manage- ment. The contract was signed in

Amsterdam on May 4, 2005, after nego- tiations of less than a month. The buyout was led by Giampiero Soncini who said, "We are very happy that AMOS is back with the management that grew the company and understand the AMOS software and the need to develop it and support for the shipowners and man- agers around the world." Soncini will be the company's new CEO, supported by

Stefano Foti as CFO. The company will revert to the original name of SpecTec, which is already widely known. The management team includes Soncini and

Paul Ashton who rejoin the organiza- tion as well as Mike Becker, Lionel

John, Gosta Algelin and Gunnar

Hilsen. The company has almost 180 personnel and an annual turnover of $20 million.

Circle 8 on Reader Service Card

Saab TransponderTech

Wins CCG Order

Saab TransponderTech won a major order to supply shipboard Automatic

Identification Systems (AIS) to the

Canadian Coast Guard. Under the con- tract, Saab's licensed integrator/reseller

ICAN Ltd will supply 105 Saab R4 AIS transponders for installation on a wide range of ice breakers, buoy tenders, fish- eries patrol vessels and search-and-res- cue cutters.

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JRC Sales Up 15%

Japan Radio Company Ltd. announced a 15 percent increase in sales for the FY ‘04, continuing the sales trend that start- ed in the first quarter of the year. JRC

Seattle saw orders across the product line and in every boating segment for customers in the U.S., Canada and

Central and South America. "We noticed a significant increase of qualified visi- tors at the boat shows in Ft Lauderdale and Miami this last year" said National

Sales Manager, Buddy Morgan.

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