GTT Acquires Maritime Data Leader Danelec

GTT has announced the acquisition of Danelec, a leader in maritime data collection and analysis, for 194 million euros. This strategic move is expected to position GTT as a world leader in vessel performance management, enhancing its digital capabilities. The acquisition is projected to be accretive to GTT's earnings per share from the first year.

Danelec, headquartered in Denmark, is renowned for its maritime safety and performance software, with its systems installed on over 15,500 vessels worldwide. This acquisition expands GTT's installed base to approximately 17,000 vessels, reinforcing its synergy potential with existing offerings.

GTT aims to complete the transaction in the second half of 2025, marking a significant advancement in its digital growth strategy in the maritime sector.