Windward agrees to £216 million acquisition by FTV VIII

Windward has reached an agreement to be acquired by Octopus UK Bidco Limited, a subsidiary of FTV VIII, L.P. The acquisition, structured as a merger under Israeli Companies Law, values Windward at approximately £216 million. Shareholders will receive 215 pence per share in cash, representing a 47% premium over the most recent closing price and a 92% premium over the six-month volume-weighted average.

FTV VIII intends to use this acquisition to expand Windward’s capabilities beyond the maritime sector, positioning the company as a broader supply chain analytics provider. The firm also plans to support Windward’s product roadmap and global growth under private ownership, providing capital for future development and acquisitions.

The company was founded in 2010 and has raised over $32 million from investors including Aleph, Horizons Ventures, La Maison ITF, and XL Innovate. The company provides a maritime data platform that helps government agencies and others monitor activity at sea, from tracking ships to analyzing commodity trade flows.