Kpler, a data and analytics platform for trade intelligence, has announced its acquisition of Spire Maritime, a prominent provider of satellite-powered data for real-time global vessel tracking.
The move aims to enhance Kpler’s maritime coverage and deliver insights into global vessel movements and shipping logistics.
By integrating Spire Maritime’s technology and AIS feed, Kpler will expand its data reach, offering comprehensive visibility across open oceans.
The transaction is expected to close by the first quarter of 2025, subject to satisfying customary closing conditions.
Mark Cunningham, CEO of Kpler, emphasized the impact of this acquisition: “By acquiring Spire Maritime, we will materially improve our satellite AIS offering which together with our comprehensive terrestrial AIS network, significantly enhances real-time visibility and analytics for the maritime and commodity markets.
“This will provide our clients with a clearer view of developments across maritime and commodity markets, to support better decision-making in a globally interconnected economy.”
READ: AD Ports acquires 60 per cent of Tbilisi Dry Port
François Cazor, Executive Chairman of Kpler, highlighted the financial and strategic benefits: “This acquisition not only provides us with high-quality data that enhances our ability to deliver maximum value to our clients, but it will also enable us to expand our maritime business significantly.
“We remain focused on reaching $1 billion of ARR in the coming years, which will involve us expanding into new products and verticals, as well as pursuing strategic mergers and acquisitions.”
Earlier this September, CMA CGM agreed to acquire a 48 per cent stake in Santos Brasil Participações S/A (Santos Brasil), a major listed Brazilian multi-terminal operator, from Opportunity Funds.
