- S&P Global (SPGI, Financial) announces the acquisition of ORBCOMM's Automatic Identification System (AIS) business to enhance its maritime and supply chain services.
- The deal includes a strategic equity partnership, aiming to innovate new supply chain data and insights.
- The transaction is scheduled to close in 2025, subject to regulatory approvals.
S&P Global (SPGI) has agreed to acquire ORBCOMM's Automatic Identification System (AIS) data services business. This acquisition will bolster S&P Global's offerings in maritime and supply chain sectors by integrating AIS business into its Market Intelligence division. The AIS technology is known for its satellite data services that facilitate vessel tracking and monitoring globally.
The acquisition is part of a strategic plan by S&P Global to expand its capabilities in maritime data and analytics, providing valuable intelligence amidst ongoing supply chain disruptions. Through ORBCOMM's established AIS technology, S&P Global aims to deliver enhanced insights for supply chain visibility, maritime safety, and regulatory compliance.
In addition to acquiring ORBCOMM's AIS business, S&P Global will form a strategic equity alliance with ORBCOMM to develop differentiated supply chain data and insight offerings. This alliance underscores S&P Global's commitment to investing in innovative solutions that address the complexities of global trade and logistics ecosystems.
The transaction is pending customary closing conditions, including certain regulatory approvals, and is expected to be finalized in 2025. Financial terms have not been disclosed.
