Danelec has been acquired by GTT to enhance maritime safety and performance solutions, creating a leading digital platform in response to market changes in decarbonisation and digitalisation.

Information on the Target

Danelec, a prominent player in the maritime safety and digital performance solutions sector, has been acquired by the GTT Group, a strategic move aimed at addressing significant market shifts towards decarbonisation and digitalisation. This acquisition establishes a global and market-leading digital platform that leverages high-frequency, high-quality data to deliver enhanced safety, optimized vessel performance, and improved operational efficiency for ship owners.

In recent years, Danelec has undergone a remarkable transformation, solidifying its position as a leading provider of digital solutions in the maritime industry. Since its acquisition by European private equity firm Verdane in 2020, Danelec has achieved a revenue growth of nearly 250% and expanded its installed base by over 180%, further advancing its technological capabilities through strategic acquisitions.

Industry Overview in the Target's Specific Country

The maritime industry is undergoing profound changes, particularly with the International Maritime Organisation (IMO) setting ambitious targets aimed at achieving net-zero greenhouse gas emissions by 2050. This has created a pivotal oppor