Windward to Be Acquired for £216 Million
Windward to Be Acquired for £216 Million

Windward to Be Acquired for £216 Million

News summary

Windward Ltd., a maritime analytics firm, is set to be acquired by Octopus UK Bidco, a subsidiary of FTV Capital, for £216 million, representing a 47% premium on its last closing price. The acquisition aims to bolster Windward's expansion into the US market and enhance its supply chain analytics capabilities. Windward's CEO, Ami Daniel, emphasized that the deal would provide increased job security for employees and enable customers to unlock greater value from their data. The transaction is backed unanimously by Windward's independent directors, who see private ownership as the best route for executing strategic plans. As global seaborne trade grows and regulatory pressures increase, the need for advanced maritime intelligence is becoming critical for organizations. Windward's innovative AI solutions are positioned to meet this demand, supporting its blue-chip customer base worldwide.

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Last Updated
57 days ago
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