Danelec joins GTT to accelerate the development of its maritime safety
Danelec has been acquired by the GTT Group to respond to accelerating market shifts driven by decarbonisation and digitalisation.
The management team of Danelec will join GTT as part of the leadership of the combined Digital division, ensuring continuity while supporting the acceleration of growth.
GTT is a French technology and engineering company, and the world leader in the design of cryogenic containment systems for the maritime transportation and storage of LNG.
GTT operates in three key sectors: high performance liquefied gas containment systems, smart shipping software & services, and the development of low-carbon technological solutions.
This acquisition fully aligns with GTT’s development strategy in the digital field and marks an important milestone for the Group. In a fast-growing maritime digital market, this acquisition firmly consolidates the Group’s leadership, while creating value for shareholders.
Over the long term, the integration of Danelec into GTT's Digital division is expected to unlock substantial synergies by combining the complementary technologies and offerings of Danelec, Ascenz Marorka, and VPS. With a strengthened installed base of approximately 17,000 vessels, the Group is ideally positioned to expand its global footprint and enhance its data-driven services for shipowners and operators.
Danelec has undergone a remarkable transformation during the past five years establishing a leading position as a global provider of digital solutions to the maritime industry. Since its acquisition by the European private equity firm, Verdane, in 2020, Danelec has increased revenue by nearly 250%, scaled its installed base by more than 180%, and expanded its technological capabilities through strategic acquisitions.
Through the acquisitions of Kyma (Norway), a pioneer in digital ship performance monitoring; Nautilus Labs (US), a SaaS-based leader in AI-driven vessel and voyage optimization; and MacGregor’s (Germany) VDR business, Danelec has transformed into an end-to-end maritime data and analytics platform. These acquisitions have broadened its capabilities, expanded its global footprint and positioned the company to take a leading role in leveraging high-frequency, high-quality data to drive digitalization and efficiency across the maritime industry.
Today, Danelec’s installed base counts more than 15,500 vessels worldwide, having captured more than 1.5 trillion onboard data points in 2024 alone. This deep foundation of onboard expertise - spanning safety, performance and vessel data collection - uniquely positions Danelec to join GTT to navigate the next phase of maritime sustainability.
