Kpler, a data and analytics platform for trade intelligence, has announced the acquisition of Spire Maritime, a provider of satellite-powered data for real-time global vessel tracking.
This move aims to expand Kpler’s maritime coverage, offering insights into vessel movements and shipping logistics worldwide. By integrating Spire Maritime’s advanced technology and AIS data feed, Kpler said it will broaden its data reach, providing clients with comprehensive visibility across open oceans.
“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,” stated Mark Cunningham, CEO of Kpler.
The transaction is expected to close by the first quarter of 2025, pending the approval of customary closing conditions.
“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 significantly expand our maritime business. We remain focused on reaching US$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,” commented François Cazor, executive chairman of Kpler.
