Kpler, a data and analytics platform for seaborne trade intelligence, has concluded the acquisition of Spire Maritime in a deal valued at $241m.

Spire Maritime offers satellite-powered data for real-time global vessel tracking.

In November 2024, Kpler initially reached an agreement to acquire Spire Maritime.

The transaction included a $233.5m purchase price, as well as $7.5m service agreement for one year following the acquisition.

The funds from this sale will enable Spire to eliminate its existing debt and focus on future growth initiatives.

The acquisition is expected to enhance Kpler's maritime coverage and provide insights into global vessel movements and shipping logistics.

Kpler is currently collaborating with regulatory bodies, particularly the UK Competition and Markets Authority (CMA), as they review the acquisition.

Until the CMA concludes its review, both Kpler and Spire Maritime will maintain independent operations.

Kpler CEO Mark Cunningham said: “This milestone marks a significant step forward in Kpler's mission to deliver decision defining insights across the global trade sector.

“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.”

Established in 2014, Kpler offers intelligence tools for trade, focusing on real-time insights through proprietary data and AI.

The company aids users in navigating complexity, managing risk, and making informed decisions in various sectors, including energy and shipping.

In February 2023, Kpler acquired two global ship-tracking and maritime analytics firms, including  MarineTraffic and FleetMon.