Data firm Kpler acquires MarineTraffic and FleetMon

Data firm Kpler acquires MarineTraffic and FleetMon

Commodities data provider Kpler has announced the acquisition of global ship-tracking data and maritime analytics firms MarineTraffic and FleetMon.

The acquisition follows a previous purchase of FleetMon by MarineTraffic, making this a coordinated double acquisition for Kpler in the maritime analytics space.

According to Kpler, the combination of the two companies’ strengths will offer more value to the maritime sector, increasing the quality of its products, data, and services for its clients.

“Creating transparency for the maritime world has driven our work for over a decade now,” said Lars Brandstäter, CEO, FleetMon.

“To combine the experience and excellence of the Kpler, MarineTraffic and the FleetMon teams will push the journey of digitalisation for maritime transport and supply chains.”

READ: Harnessing the power of data to address supply chain challenges

Kpler has been on an acquisition spree for the past 18 months, making five acquisitions, and securing over $200 million in investment funding in 2022 from private equity firms Five Arrows and Insight Partners.

With the two new acquisitions, Kpler will now employ over 500 employees across the world, serving more than a million active users across the wider maritime and commodity industries.

MarineTraffic received financial advice in connection with the transaction from Nevantio Advisors, with legal advice from Lambadarios Law Firm (Greece), Reed Smith (UK) and FieldFisher (Germany). Meanwhile, Berenson & Company acted as financial advisor to Kpler, with legal advice from Cooley (UK) and Karatzas & Partners (Greece).

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