The freight rate benchmarking platform Xeneta has acquired the Amsterdam-based air freight data analytics company CLIVE Data Services to provide more comprehensive insights into the global freight markets.
This transaction comes seven months after Xeneta’s announcement about its partnership with CLIVE aiming to integrate its “dynamic load factor” and capacity analyses into its market analytics platform.
“The recent partnership with Xeneta has given us valuable insights into our respective data offerings, and the additional value we can deliver by combining our expertise and resources,” stated co-founder of CLIVE Data Services, Niall van de Wouw.
“For CLIVE’S clients, this new development will provide opportunities to further populate our data and give us the ability to help them extract more value from our data services,” he added.
Moreover, Xeneta CEO, Patrik Berglund, said, “The insights and timelines of CLIVE’s air freight data make it a great addition to our freight data offering. We gladly welcome Niall’s extensive air freight expertise to Xeneta’s leadership team to strengthen Xeneta’s technology and data-driven approach within the air freight space.”
The acquisition comes at a time when the global freight market has been through its most dynamic period ever in the last two years, heightening demand for more timely data.
