GTT Acquires Danelec, Enhancing Maritime Digital Solutions
GTT Strengthens Maritime Digital Leadership with Danelec Acquisition
GTT has successfully completed its acquisition of Danelec, a frontrunner in maritime safety and digital solutions. This strategic move is set to bolster GTT's position in the fast-growing domain of maritime digitalisation, aligning perfectly with the Group’s vision to provide top-notch solutions for shipowners and operators across the globe.
The acquisition is anticipated to yield significant growth opportunities and synergies, positively impacting GTT’s earnings from the outset. By uniting Danelec with established entities like Ascenz Marorka and Vessel Performance Solutions, GTT now serves over 17,000 vessels, offering a remarkable array of high-quality data solutions.
Strategic Benefits of the Acquisition
This merger is not just a numbers game; it reflects GTT's dedication to generating innovative, efficient measures that drive safety and operational performance across the maritime industry. Through advanced data collection and analytical capabilities, GTT is poised to enhance safety protocols while helping clients meet their decarbonisation targets. The Group aims to deliver value across every operational spectrum for shipowners.
Casper Jensen, formerly the CEO of Danelec, has been appointed as GTT’s new Executive Vice President of Digital. Under his leadership, the newly structured digital division will operate within two focused business units: Performance & Monitoring Solutions and Safety & Equipment. This strategic alignment is designed to optimize how GTT addresses client needs.
Leadership Changes to Support Growth
With Casper's extensive experience, he is tasked with ensuring that GTT's digital offerings remain at the forefront of technological advancements. Anouar Kiassi, previously the CEO of Ascenz Marorka, will take on the role of Senior Vice President of Performance & Monitoring Solutions, while Christian Kock will oversee the Safety & Equipment unit.
Philippe Berterottière, GTT's Chairman and CEO, remarked, “The acquisition of Danelec marks a crucial advancement in our digital journey. It places us at the apex of vessel performance management, enhancing our ability to deliver innovative solutions. We are excited about the expertise Casper will bring to our Executive Committee, which will be pivotal as we venture into this next growth phase.”
Commitment to Innovation and Sustainability
The acquisition is a reflection of GTT's commitment to driving sustainability within the maritime sector. GTT develops advanced solutions enabling vessels to operate with LNG as fuel and are continuously innovating towards low-carbon solutions in transportation and energy. Their goal is to assist shipowners and energy providers in achieving a greener and sustainable future.
GTT also remains a prominent player in the finance sector, being listed on Euronext Paris and part of notable indices such as CAC Next 20 and SBF 120. By merging with Danelec, GTT is anticipated to unlock even greater potential on the international stage, catalyzing further collaborations and financial growth.
The Future Outlook for GTT
As GTT integrates Danelec’s capabilities into its existing framework, the maritime landscape will witness enhanced performance management and digital safety solutions. Clients can expect comprehensive support that not only addresses immediate operational challenges but also prepares them for future industry shifts.
GTT's unwavering commitment to quality and innovation positions it decisively in the maritime digital marketplace. As GTT continues to evolve and strengthen its service offerings, its stakeholders can look forward to a future enriched with advanced, reliable, and sustainable maritime solutions.
Frequently Asked Questions
What is the significance of GTT's acquisition of Danelec?
The acquisition strengthens GTT's position in the maritime digital market, enhancing their capabilities in safety and performance for ship operators globally.
Who has been appointed to lead GTT's Digital division?
Casper Jensen, the former CEO of Danelec, has been appointed as Executive Vice President of Digital at GTT.
What are the projected benefits of the acquisition for GTT?
The acquisition is expected to deliver growth opportunities, significant synergies, and positive earnings impacts starting in the first year.
How many vessels does GTT's Digital division currently support?
GTT’s Digital division now supports an installed base of over 17,000 vessels worldwide.
What is GTT's commitment to sustainability?
GTT focuses on developing technologies for lower carbon emissions and supporting ship-owners in transitioning to sustainable energy solutions.
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