Veson Nautical plans VesselValue buyout

Veson Nautical plans VesselValue buyout

Boston-based Veson Nautical has announced its intention to acquire leading vessel valuation and data provider, VesselsValue.

Founded in 2011, VesselsValue has become the market standard for daily updated, automated, vessel-specific valuations, with a database of more than 81,500 vessels.

The company is focused on acquiring, storing, and commercializing data in the form of valuations, reports, and market insights, and it is built upon a proprietary data set and extensive modeling capabilities.

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According to Veson, the acquisition aims to provide access to reliable and timely data inclusive of vessel features, enabling users to experience enhanced data-driven decision-making capabilities within their pre-fixture and post-fixture workflows.

“VesselsValue brings a wealth of knowledge and experience to our organisation, and we look forward to them joining the Veson team,” said John Veson, CEO & Co-Founder at Veson Nautical.

“In addition to valuing the world’s fleet, VesselsValue has a sophisticated analytical valuation methodology which we will harness to provide our clients with deeper insights to promote sustainable commercial and operational decisions.”

VesselsValue’s maritime brand and product line will continue to produce market-leading analysis and insights under the Veson umbrella, becoming part of Veson’s suite of services when the acquisition is finalised in early May.

Veson added that the area of VesselsValue that focuses on aviation will be spun out into a separate, standalone company.

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