Kpler, a provider of commodities data and analytics, has announced that it has acquired 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 double acquisition for Kpler.
Since its founding in 2007, Athens-based MarineTraffic has become a significant player in the ship tracking intelligence space. Rostock-based FleetMon, also founded in 2007, provides AIS data to various stakeholders across the supply chain.
Kpler aims to combine these companies’ expertise to increase the quality of the products, data, and services it provides to its own clients.
“I am very proud of what MarineTraffic has achieved over the years and really excited for what we can further achieve as part of Kpler, alongside the FleetMon team,” said Demitris Memos, CEO, MarineTraffic.
“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.”
Kpler has now made five acquisitions in the last 18 months and secured over $200 million 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.
“Since its creation, Kpler has been focused on tracking cargoes, not vessels,” said François Cazor, CEO, Kpler.
“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.”
