S&P Global has announced an agreement to acquire the Automatic Identification System (AIS) data services business of ORBCOMM, a strategic move aimed at enhancing its supply chain and maritime offerings. This acquisition is driven by the rising uncertainties within global supply chains, with S&P Global indicating that this step will leverage complementary strengths, ultimately providing invaluable intelligence to its clients.
The AIS is a crucial technology developed since the 1990s and became mandated by the International Maritime Organization (IMO) for all ocean-going commercial vessels in the early 2000s. ORBCOMM has been a leader in this field, using its advanced AIS vessel tracking technology to deliver high-quality, proprietary data that supports maritime visibility and enables informed decision-making for both governmental and commercial entities worldwide. Their AIS solutions serve diverse applications, including supply chain visibility, maritime safety, environmental monitoring, and regulatory compliance.
Whit McGraw, Head of Risk & Valuations Services at S&P Global Market Intelligence, emphasized that the acquisition is a crucial investment in differentiated data and solutions aimed at helping clients navigate volatility in global markets and supply chains. He expressed enthusiasm about integrating ORBCOMM’s cutting-edge technology and coverage into S&P Global’s offerings, particularly those related to energy transition and maritime supply chains.
Financial details of the transaction have not been disclosed, but the AIS data services will be integrated into S&P Global’s Market Intelligence division. Moreover, S&P Global has also taken a strategic equity position in ORBCOMM, fostering a strategic alliance that aims to develop a range of unique supply chain data and insights.
Aside from maritime applications, ORBCOMM provides services to sectors including overland transport and heavy industry, along with satellite connectivity utilized by government agencies and sectors like natural resources. The transaction is anticipated to close in 2025, subject to customary closing conditions, paving the way for enhanced collaboration and innovative solutions in the supply chain landscape.
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