Kpler, a provider of commodities data, analytics, and market insight, has announced a double acquisition, taking over MarineTraffic and FleetMon, two providers of global ship-tracking data and maritime analytics.
The deal follows an earlier acquisition of FleetMon by MarineTraffic, resulting in a coordinated double acquisition for Kpler in the maritime analytics space.
Both Athens-based MarineTraffic and Rostock-based FleetMon have been founded in 2007.
"We believe the time has come to marry commodity and maritime intelligence into one single platform. This will lead to improvements in the data and services we provide and drive further innovation in the maritime sector, by incorporating the excellent work of both MarineTraffic and FleetMon," commented François Cazor, CEO of Kpler.
Kpler has now made five acquisitions in the last 18 months and secured over US$200 million in investment funding in 2022 from private equity firms Five Arrows and Insight Partners.
Following these two new acquisitions, Kpler will employ over 500 employees across the world and serve more than a million active users across the wider maritime and commodity industries.
"I am confident that the integration of our products and organisational cultures will lead us to new frontiers, ultimately benefiting our customers and our community. The increasingly connected maritime world needs more digital tools and better analytics and we’ll continue innovating in that direction," said Demitris Memos, CEO of MarineTraffic.
Lars Brandstäter, CEO of FleetMon, stated, "Creating transparency for the maritime world has driven our work for over a decade now. 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."
