Israeli maritime analytics company Windward has been acquired by American investment firm FTV Capital in a deal valued at US$270 million.

This acquisition will result in Windward being delisted from the stock exchange, nearly doubling its IPO valuation.

The acquisition price represents a 47% premium over the company’s closing stock price as of Monday.

Founded in 2011, Windward offers real-time data and predictive analytics for the maritime industry, serving clients like insurance firms, shipping companies, government agencies, and energy corporations like BP and Shell.

With the completion of the acquisition, Windward will become privately owned under FTV Capital.