Clarkson PLC (CKN.L), a shipping services provider, on Thursday, announced the acquisition of the issued share capital of Zuma Labs Ltd., a technology provider serving the Forward Freight Agreement and commodities markets.
The company said that the 100% acquisition will accelerate Zuma's strategy to expand Venetian's market reach, advance technology adoption in FFA, commodity, and maritime markets, and enhance AI-enabled trading solutions.
Zuma will continue to operate under its own name and brand as a wholly owned subsidiary of Clarksons.
Zuma was founded in 2020 and offers Venetian, a hybrid voice and electronic platform that collects, records, and distributes live pricing while providing liquidity management and critical data insights.
Clarkson is currently trading 0.76% higher at $3,970 on the London Stock Exchange.
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