Jan 2, 2025

The agreement will see Windward shareholders receive 215 pence per share in cash. December 26, 2024 Windward’s AI solution empowers stakeholders with predictive insights and a 360° view of the maritime ecosystem. Credit: GreenOak/Shutterstock. Octopus UK Bidco, a subsidiary of FTV VIII, has announced a recommended cash acquisition of Windward, a maritime artificial intelligence (AI) based analytics firm, in a deal valued at around £216m ($270.7m). The deal will result in Windward shareholders receiving 215 pence per share in cash. Go deeper with GlobalData Windward provides a comprehensive platform for maritime domain awareness and risk management. Its AI-driven solution enables stakeholders to make predictive, real-time decisions with a comprehensive 360° perspective of the maritime ecosystem. Recently, Windward  joined forces with US-based AI company Dataminr to incorporate real-time alerting into its maritime platform, equipping customers with tools to address maritime and global events proactively. Windward CEO Ami Daniel said: “This marks an exciting next step in the evolution of Windward, providing the opportunity to build upon our first mover advantage in maritime generative AI through accelerated innovation and greater market reach. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Not ready to buy yet? Download a free sample We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Submit Submit and download Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. “We are incredibly proud of the growth we have achieved while on the AIM market, and our ability to adapt and incorporate evolving technology, specifically generative AI.” The acquisition process, structured as a merger in line with Israeli Companies Law, is expected to conclude by the end of the first quarter of 2025. FTV VIII managing partner Brad Bernstein said: “As global seaborne trade expands, regulatory regimes tighten and supply chain pressures mount, the need for advanced maritime intelligence and visibility has become imperative for global organisations to effectively operate and manage risk in an increasingly complex landscape. “Windward has built a best-in-class maritime AI-based analytics platform spanning use cases across risk, compliance, trading and the supply chain and delivering tangible value to its growing blue-chip customer base worldwide.” Legal advice for the acquisition is being provided by CMS Cameron McKenna Nabarro Olswang and Epstein Rosenblum Maoz for Windward, with Willkie Farr & Gallagher and Gornitzky representing the FTV VIII, Bidco, and SPV. Sign up for our daily news round-up! Give your business an edge with our leading industry insights.