GTT buys Danelec

French gas containment specialist GTT is spending $219.7m to buy maritime analytics firm Danelec from Verdane, a European private equity company. The transaction is expected to be completed at the beginning of the second half of 2025.

Danelec initially specialised in the development of voyage data recorders (VDRs), before branching out into safety and performance software. 

Danelec brought Nautilus Labs to its fold in 2023 after purchasing Norwegian firm KYMA in 2021.

Philippe Berterottière, chairman and CEOof GTT, said: “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.”