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VesselsValue acquired by Veson Nautical
UK-based vessel valuation and information analysis firm bought out by US-headquartered maritime freight management specialist
The acquisition, according to VesselsValue’s new owner Veson, will strengthen Veson’s goal of capturing a greater market share as the platform provider for maritime commercial transactions.
According to the two companies, existing VesselsValue clients will receive the same product and services and expanded offerings. These include updated models that incorporate Veson’s data from its Q88 and Oceanbolt digital applications. Veson said mutual clients of the two companies will receive access to vessel and fleet valuation data within the Veson IMOS Platform (VIP), and the ability to see CII calculations from VesselsValue’s Green product alongside VIP metrics.
"The [acquisition] will add a market-leading company and brand with a proprietary data set and unique modelling capabilities to Veson, while bringing on board a team dedicated to the maritime industry," a statement from the two companies said.
The financial details of the deal were not reported, and the acquisition is expected to be finalised early May, the companies said. VesselsValue’s aviation division will be spun out into a separate, standalone company.
"By combining VesselsValue’s products and services with Veson’s existing solutions, customers will benefit from a comprehensive product offering. With access to reliable and timely data inclusive of vessel features, users will experience enhanced data-driven decision-making capabilities within their prefixture and post-fixture workflows," the statement said.
Veson Nautical chief executive and co-founder John Veson said, “VesselsValue brings a wealth of knowledge and experience to our organisation, and we look forward to it joining the Veson team. In addition to valuing the world’s fleet, VesselsValue has a sophisticated analytical valuation methodology which we will harness to provide our clients with deeper insights to promote sustainable commercial and operational decisions.”
VesselsValue founder and chief executive Richard Rivlin said, “This is a massive moment for VesselsValue. We are incredibly excited to become part of the Veson ecosystem. Connecting to Veson’s powerful platform will drive VesselsValue further towards our mission to make maritime markets transparent. Clients will now have access to a wider range of unique maritime intelligence and first-class support. I am so proud, and I thank everyone who has helped take this from just an idea to such an important milestone today.”
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