S&P Global has reached an agreement to acquire the Automatic Identification System (AIS) data services business from ORBCOMM Inc. This acquisition aims to enhance S&P Global’s maritime offerings and supply chain capabilities.
ORBCOMM’s AIS business is recognized for its satellite data services, which help track and monitor vessels, thereby improving maritime visibility and providing crucial insights for decision-making among government and commercial clients worldwide. Since its inception in 2004, ORBCOMM’s AIS vessel tracking technology has utilized high-quality, proprietary data, complemented by satellite and terrestrial coverage.
The AIS solutions find applications in various fields, including supply chain visibility, maritime safety, surveillance, environmental monitoring, and regulatory compliance. Following the acquisition, ORBCOMM’s AIS services will be integrated into S&P Global Market Intelligence.
Whit McGraw, Head of Risk & Valuations Services at S&P Global Market Intelligence, emphasized that in light of the global market and supply chain uncertainties, this strategic move highlights S&P Global’s commitment to investing in distinctive data and solutions. The integration of ORBCOMM’s advanced AIS technology will significantly bolster S&P Global’s offerings related to the energy transition and maritime supply chain.
Additionally, S&P Global has announced a strategic equity investment in ORBCOMM, resulting in a partnership that aims to enhance supply chain data and insights further. Sameer Agrawal, CEO of ORBCOMM, expressed enthusiasm about collaborating with S&P Global to leverage their combined data resources for better intelligence in the global supply chain.
The acquisition will proceed once customary conditions and regulatory approvals are fulfilled, with an anticipated closing in 2025. Financial details of the transaction have not been disclosed.