BRUSSELS analytics firm Kpler has acquired ship tracking companies MarineTraffic and FleetMon, Reuters reports.
Tracking ship movement has become a part of trading strategies, together with the need for more exacting corporate compliance due to Western sanctions against Russia, Iran and Venezuela.
Kpler has made five acquisitions in the last 18 months and secured over US$200 million investment funding in 2022 from private equity firms Five Arrows and Insight Partners, the company said, adding that the acquisitions will mean it will have more than a million active users across the wider maritime and commodity industries.
"The deal is driven by Kpler's objective to accelerate its expansion in the maritime and shipping world," said Kpler CEO Francois Cazor.
"Kpler's data complement that of MarineTraffic and FleetMon, utilising Automatic Identification Systems (AIS) as the foundation for its data and analytics. By owning AIS data, Kpler aims to innovate more quickly in maritime data solutions."
Greece-based MarineTraffic, one of the world's leading providers of ship tracking and maritime analytics, had acquired FleetMon prior to its acquisition by Kpler.
"The deal is a double acquisition. MarineTraffic acquires FleetMon and Kpler acquires MarineTraffic," Mr Cazor said, declining to provide further details.
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