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NEW YORK - S&P Global (NYSE: SPGI) has entered into an agreement to acquire the Automatic Identification System (AIS) data services business from ORBCOMM Inc., a move aimed at enhancing its maritime and supply chain data offerings. The AIS business, known for its satellite data services, plays a crucial role in tracking and monitoring vessels globally.
The integration of ORBCOMM’s AIS data services into S&P Global’s Market Intelligence division is expected to provide clients with advanced insights for decision-making in areas such as supply chain visibility, maritime safety, and environmental monitoring. Whit McGraw, Head of Risk & Valuations Services at S&P Global Market Intelligence, highlighted the acquisition as a strategic response to global market uncertainties and supply chain volatility.
In addition to the acquisition, S&P Global announced a strategic equity position in ORBCOMM, which will foster a collaborative development of innovative supply chain data and insight offerings. This alliance leverages the strengths of both companies in the global trade and logistics ecosystems, according to Sameer Agrawal, CEO of ORBCOMM.
The transaction, subject to customary closing conditions and regulatory approvals, is anticipated to be finalized within the year. While financial details were not disclosed, legal advisory roles were confirmed with DLA Piper representing S&P Global, and PJT Partners and Simpson Thacher & Bartlett advising ORBCOMM.
The acquisition is part of S&P Global’s broader strategy to invest in differentiated data and solutions, as well as its commitment to the maritime and supply chain sectors. The information for this news article is based on a press release statement.
In other recent news, S&P Global has announced a significant development with the sale of its stake in OSTTRA, a joint venture with CME Group, to KKR for $3.1 billion. This transaction, expected to finalize in the second half of 2025, is part of S&P Global’s strategy to streamline its operations. BMO Capital Markets has reiterated its Outperform rating for S&P Global, setting a price target of $590, reflecting confidence in the company’s strategic moves. Additionally, S&P Global has introduced a new AI agent feature for Microsoft 365 Copilot, enhancing access to comprehensive commodities data. This integration aims to improve productivity and decision-making for users by leveraging S&P Global’s Commodity Insights. The collaboration with Microsoft is designed to be user-friendly and requires no coding. These recent developments highlight S&P Global’s ongoing efforts to innovate and adapt to market needs.
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