Spire Global to acquire exactEarth

Two well-known names in the space-based maritime data and analytics industry are combining. Spire Global is spending $161.2m to take over Canada’s exactEarth.

Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, under the leadership of exactEarth’s CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer.

“Peter and I share a vision about the opportunity for space-based maritime data and the digitalisation of the global maritime industry, and I look forward to pursuing that vision together,” said Platzer.

“Bringing together real-time and historical space-based maritime data, Spire and exactEarth will provide customers with innovative solutions that drive the digitalization of the almost US$2 trillion global maritime industry, such as better fleet visibility for more efficient routing, cost savings from reduced fuel consumption, and a lower environmental footprint,” the two companies stated in a release.

New York-listed Spire is a provider of space-based data, analytics, and space services, using one of the world’s largest multi-purpose satellite constellations to source data which is then enriched with predictive solutions.

ExactEarth, meanwhile, is a provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. Since its formation in 2009, exactEarth has pioneered a powerful new method of maritime surveillance called Satellite AIS and has delivered to its clients a view of maritime behaviours across all regions of the world’s oceans unrestricted by terrestrial limitations. exactEarth’s second-generation constellation, exactView RT, relays satellite-detected AIS vessel signals from any location on the earth’s surface to the ground enabling global real-time vessel tracking. This unique capability consists of 58 advanced satellite payloads hosted onboard the Iridium NEXT constellation of satellites.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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