21 May 2013
Genscape, the company
that pioneered the
placement of thousands
of patented,
in-the-field energy
monitors to measure
market fundamentals in
real-time, today
announced the
acquisition of
Vesseltracker.com GmbH.
This acquisition
significantly expands
Genscape’s network of
proprietary real-time
energy monitors to
deliver the next era in
oceangoing fleet
analytics and customized
reporting.
Vesseltracker uses
sophisticated algorithms to
synthesize data from its
over 800 AIS antenna
stations located worldwide
along with the world’s
largest AIS satellite data
feed – and now Genscape’s
land-based oil storage and
pipeline data. This new
combination delivers the
industry’s largest breadth
of geographical coverage
coupled with exceptional
data quality.
“This acquisition unites
Vesseltracker’s marine-based
oil fleet monitoring with
Genscape’s land-based oil
storage and pipeline data,”
says Matthew Burkley, CEO of
Genscape. “For the first
time, oil market
participants will have
direct access to combined
real-time land and sea oil
market fundamentals.”
“I can see a lot of
potential in combining
Genscape and Vesseltracker’s
proprietary networks to
deliver unique and high
quality data to energy
traders,” says Carsten
Bullemer, CEO of
Vesseltracker. “Both
companies share the same
entrepreneurial culture. I’m
very happy to be part of
Genscape.”
