Danelec Joins GTT in Strategic Maritime Acquisition

Danelec, a prominent provider of maritime safety and digital performance solutions, has been acquired by the French technology and engineering giant, GTT. This acquisition aims to enhance GTT's leadership in the digital maritime market, leveraging Danelec’s strengths in data-driven solutions to improve ship safety and performance. Danelec, owned by Verdane, has experienced significant growth, transforming into a comprehensive digital platform through strategic acquisitions. As GTT and Danelec join forces, the expanded digital platform is expected to position them as market leaders, particularly in the vessel performance management and VDR sectors. This move comes amidst increasing emphasis on decarbonization and digitalization within the maritime industry, aligning with global efforts to meet net-zero emissions targets set by the International Maritime Organisation. Verdane's investment and support have been pivotal in Danelec's transformation, and this exit signifies a successful growth buyout for the private equity firm.