Kpler's commodity intelligence platform will be expanded following its acquisition of the marine vessel tracker MarineTraffic and the latter's subsidiary FleetMon. (source).
It's the fifth acquisition for the Brussels-HQed company in the space of 18 months. In that time Kpler has also received more than $200 million in funding, from private equity firms like Five Arrows and Insights Partners.
Kpler CEO François Cazor says maritime intelligence would complement its existing commodity data capabilities. The company's existing analytics provide supply chain and trades visibility for commodities like crude oil, gold and cocoa.
Cazor said: "Since its creation, Kpler has been focused on tracking cargoes, not vessels. We believe the time has come to marry commodity and maritime intelligence into one single platform."
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