Data and analytics platform Kpler acquires Spire Maritime, a provider of satellite-powered data for real-time global vessel tracking.
Kpler announced the acquisition on Wednesday, for which financial details were not disclosed.
The aim of this move is to expand its data reach, offering comprehensive visibility across open oceans.
The company said the transaction is expected to close by the first quarter of 2025, subject to satisfying customary closing conditions.
“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,” stated Mark Cunningham, CEO of Kpler.
Cunningham believes that this would provide the company’s clients with a clearer view of developments across maritime and commodity markets, to support better decision-making in a globally interconnected economy.
Peter Platzer, CEO of Spire Global, commented on the transaction’s broader impact: “This transaction positions our maritime business as part of a global organization focused on the digitalization of the maritime industry, which we expect will benefit both our customers and team members.”
“This move further focuses Spire Global on our core mission: helping humanity tackle climate change and global security challenges – and now, we are even better equipped with the resources, technology, and experience to serve our customers, whether through our advanced data solutions or empowering them with our sophisticated space services offering,” Platzer added.
