The US investment firm FTV Capital has made an agreement to submit an offer for the acquisition London-based Windward, a company that develops cutting-edge technologies specifically designed to help shipping industry to face its challenges. The agreement was joined by the Board of Directors of the Windward with Octopus UK Bidco Ltd., a new wholly owned by the FTV VIII fund.

The offer is based on a price of 215 pence for each shares of Windward, a figure that assigns a value of 216 million pounds sterling to the entire capital of the British company. The parts expect that the acquisition can be completed by first quarter of 2025.