Seagull

Seagull

Provides computer based training systems for seafarers worldwide.

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DateInvestorsAmountRound
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€0.0

round
investor

€0.0

round
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€0.0

round
N/A

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Acquisition
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR2016201720182019202020212022
Revenues0000000000000000000000000000
% growth28 %(2 %)(1 %)6 %(1 %)10 %16 %
EBITDA0000000000000000000000000000
% EBITDA margin48 %64 %70 %78 %72 %58 %87 %
Profit0000000000000000000000000000
% profit margin15 %42 %63 %50 %48 %22 %50 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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Seagull Maritime AS, operating under the umbrella of Ocean Technologies Group, functions as a key provider of competence management and e-learning solutions for the global maritime industry. Established in 1996 by seasoned mariners, the Norway-based company develops and delivers a broad range of tools for recruitment, career development, assessment, and training. Its client base consists of shipping companies worldwide, with solutions delivered to over 11,000 ship and office installations.

The company's business model is centered on providing a comprehensive library of e-learning materials and onboard courses designed to ensure seafarers meet and surpass STCW (Standards of Training, Certification and Watchkeeping for Seafarers) and IMO (International Maritime Organization) standards. This is delivered through a subscription-based model for its learning platform, which includes content for various vessel types such as bulk carriers, tankers, and container ships. Revenue is generated from these services, which aim to enhance seafarer knowledge and ensure regulatory compliance.

The core service is a digital learning platform that offers all the necessary tools to manage, deliver, and report on training both onshore and across a fleet. The platform hosts an extensive library of over 800 e-learning modules, learning films, and interactive micro-learning courses. These offerings cover a wide spectrum of regulatory compliance and professional development needs for seafarers. In 2019, Seagull and Videotel were acquired and merged by Oakley Capital to form Ocean Technologies Group. This entity was subsequently acquired by Lloyd's Register in a deal that closed in November 2024, aiming to create a more comprehensive suite of solutions for the maritime sector.

Keywords: maritime training, e-learning, seafarer competence, STCW compliance, IMO standards, crew development, maritime software, onboard training, vessel management solutions, shipping industry education, competence management, career development, maritime assessment, fleet management, regulatory compliance, Ocean Technologies Group, digital learning, ship crew training, maritime safety, seafarer certification

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Investments by Seagull

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ExTek
ACQUISITION by Seagull Aug 2015
MindIT Solutions
ACQUISITION by Seagull Feb 2014