GTT Strengthens Maritime Digital Solutions with Danelec Deal
GTT's Strategic Acquisition of Danelec
GTT has successfully completed the acquisition of Danelec, a key player in maritime safety and digital performance solutions. This strategic decision is set to solidify GTT's leadership within the maritime digitalization landscape, tapping into new opportunities for growth and innovation.
Enhanced Digital Capabilities
This acquisition opens doors to significant synergy potential, which GTT anticipates will lead to an accretive impact on earnings per share from the very first year. By integrating Danelec's advanced digital solutions for maritime data collection and analysis, GTT is now well-positioned to offer an even more comprehensive suite of services to its global clients.
Future Growth and Integration
Danelec now joins Ascenz Marorka and Vessel Performance Solutions within GTT's Digital division. Altogether, this enhanced division supports an impressive installed base of over 17,000 vessels worldwide, empowering clients to improve safety, optimize operational performance, and make strides towards ambitious decarbonization goals.
Leadership Changes
To steer this expanded Digital division, GTT has appointed Casper Jensen, the former CEO of Danelec, as the Executive Vice President Digital. His inclusion in the GTT Group's Executive Committee marks an important step in GTT's commitment to harnessing top-tier talent to lead its growth strategy.
Creating Best-in-Class Solutions
Under Casper Jensen's leadership, GTT's Digital division will now focus on two main business units: Performance & Monitoring Solutions and Safety & Equipment. The integration of Danelec's capabilities will allow GTT to offer a unified digital platform designed to deliver exceptional value and efficiency to their customers.
Expert Insights
Philippe Berterottière, Chairman and CEO of GTT Group, articulated the importance of this acquisition by stating, "With the acquisition of Danelec, GTT takes a decisive step forward in the digital sector. This transaction positions us as a leader in vessel performance management, enhancing our ability to provide innovative solutions for safety and decarbonization."
Strengthened Customer Commitments
Casper Jensen echoed this sentiment, expressing his enthusiasm for leading such a critical division during a pivotal time. He stated, "Our priority is to ensure continuity and deliver high standards of innovation while developing the industry's foremost digital platform."
About GTT
GTT is a leading technology and engineering group that specializes in cryogenic membrane containment systems, designed for the transportation and storage of liquefied gases. Over the last six decades, GTT has gained acclaim for its innovative technologies used in LNG carriers and floating terminals, while actively pursuing sustainable solutions. By creating systems that enable vessels to utilize LNG as fuel, GTT is committed to supporting ship-owners and energy providers on their path toward a decarbonized future.
Stock Market Performance
GTT is publicly traded on Euronext Paris under the ticker symbol GTT and features among notable indices including the CAC Next 20 and MSCI Small Cap indices. The firm's strategy and successful execution of acquisitions like Danelec are expected to bolster its market position significantly moving forward.
Frequently Asked Questions
What is the significance of GTT's acquisition of Danelec?
The acquisition enhances GTT's digital capabilities in maritime solutions, supporting over 17,000 vessels globally and aiming for improved operational performance.
Who will lead GTT's expanded Digital division?
Casper Jensen has been appointed Executive Vice President Digital, bringing his expertise from Danelec to lead this division.
What are the expected benefits of the acquisition for GTT?
The acquisition is projected to have an accretive effect on earnings per share from the first year and unlock significant synergies within GTT's digital offerings.
How does GTT plan to integrate Danelec's capabilities?
GTT plans to create a unified digital platform centered around two business units: Performance & Monitoring Solutions and Safety & Equipment.
What is GTT known for?
GTT is renowned for its design and development of cryogenic containment systems and is committed to innovative solutions in the maritime industry, particularly focusing on decarbonization initiatives.
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