Maritime data analytics company Kpler, Brussels, Belgium, on Friday announced it has completed its purchase of ship tracking company Spire Maritime.
Spire Maritime, which was part of space-based data, analytics and services provider Spire Global Inc., Vienna, Va., collects, analyzes, and delivers detailed vessel, weather, and global shipping information in near realtime.
The $241 million deal was announced on Nov. 13 and raised antitrust concerns as Kpler continues to grow its dominance in the maritime data market.
Kpler said in a press release that it is working with regulatory authorities including the U.K. Competition and Markets Authority (CMA) in light of their review of the transaction. "In the meantime, both businesses will continue to operate independently until the CMA’s review is complete," the company said.
“This milestone marks a significant step forward in Kpler’s mission to deliver decision defining insights across the global trade sector,” Mark Cunningham, CEO of Kpler, said in a statement. “The addition of this high-quality data will unlock greater value for our customers and partners by providing increasingly comprehensive and timely insights into global trade flows. It’s about helping them navigate complexity, uncover opportunities, and make better decisions every day."
The deal continues Kpler's acquisition spree in the maritime data market. In recent years it has bought U.K.-based maritime data provider MarineTraffic and Norwegian firm Nortek.
