GTT to Acquire Danelec in $219.7M Maritime Analytics Deal

French gas containment leader GTT is investing $219.7 million to acquire maritime analytics company Danelec from European private equity firm Verdane. The deal is expected to close in early H2 2025.

Danelec originally focused on creating voyage data recorders (VDRs) but has since expanded into offering safety and vessel performance software solutions.

In recent years, Danelec has broadened its portfolio by acquiring Nautilus Labs in 2023 and Norwegian firm KYMA back in 2021.

Philippe Berterottière, chairman and CEO of GTT, stated: “With this transaction, GTT becomes the global leader in the high-growth segment of vessel performance management and positions itself as a leading player in the strategic VDR market.”