FTV Capital Acquires Israeli Maritime AI Leader Windward for $270 Million in Cross-Border Deal

Windward, an Israeli predictive maritime intelligence company listed on the London Stock Exchange, is being acquired by U.S. investment firm FTV Capital in a $270 million deal, a 47% premium on Windward’s last closing price.

The acquisition, contingent upon Windward shareholder approval, is expected to close by the end of the first quarter of 2025. FTV Capital has secured irrevocable commitments from shareholders representing approximately 63% of Windward’s outstanding shares to vote in favor of the acquisition.

A publicly traded company on the London Stock Exchange since December 2021, Windward is a pioneering Maritime AI company offering a comprehensive platform for risk management and maritime domain awareness.

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Windward’s intelligence solution, MARINT, is already in wide use by Security, Intelligence and Law Enforcement agencies worldwide, who use Windward’s data and insights to preemptively identify threats before they reach their shores. The funding by Horizons Ventures, Aleph and other financial investors will enable Windward to expand its deep learning capabilities via its unique data platform – the Windward Mind – and to operationalize FORESEA, its finance solution.

“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,” said Ami Daniel, Chief Executive Officer of Windward. “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. We are truly grateful for our shareholders’ support to date, providing us with the funding to expand our offering, enter new markets and continuously create exciting new products. With the success of that investment evident in our accelerated growth rate and bigger scale, now is the time to replicate that success across additional geographic markets. In addition, being US-owned is expected to facilitate expedited penetration and growth in the US market.”