Kpler completes acquisition of Spire Maritime

Kpler, a information and analytics level for seaborne commercialized intelligence, has concluded the acquisition of Spire Maritime successful a woody valued astatine $241m.

Spire Maritime offers satellite-powered information for real-time planetary vas tracking.

In November 2024, Kpler initially reached an statement to get Spire Maritime.

The transaction included a $233.5m acquisition price, arsenic good arsenic $7.5m work statement for 1 twelvemonth pursuing the acquisition.

The funds from this merchantability volition alteration Spire to destruct its existing indebtedness and absorption connected aboriginal maturation initiatives.

The acquisition is expected to heighten Kpler's maritime sum and supply insights into planetary vas movements and shipping logistics.

Kpler is presently collaborating with regulatory bodies, peculiarly the UK Competition and Markets Authority (CMA), arsenic they reappraisal the acquisition.

Until the CMA concludes its review, some Kpler and Spire Maritime volition support autarkic operations.

Kpler CEO Mark Cunningham said: “This milestone marks a important measurement guardant successful Kpler's ngo to present determination defining insights crossed the planetary commercialized sector.

“The summation of this precocious prime information volition unlock greater worth for our customers and partners by providing progressively broad and timely insights into planetary commercialized flows. It's astir helping them navigate complexity, uncover opportunities, and marque amended decisions each day.”

Established successful 2014, Kpler offers quality tools for trade, focusing connected real-time insights done proprietary information and AI.

The institution immunodeficiency users successful navigating complexity, managing risk, and making informed decisions successful assorted sectors, including vigor and shipping.

In February 2023, Kpler acquired 2 planetary ship-tracking and maritime analytics firms, including MarineTraffic and FleetMon.

"Kpler completes acquisition of Spire Maritime" was primitively created and published by Ship Technology, a GlobalData owned brand.

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