Danelec Marine has announced an investment in the company by Northern European growth equity investor Verdane, which will see Verdane assume a majority shareholder position in the privately held Danish marine technology provider.
Under the terms of the agreement, Danelec’s existing shareholders will continue to own shares in the company, and the management team, including CEO Hans Ottosen and COO Casper Jensen, will continue in their positions.
Danelec is headquartered in Denmark and has branch offices in China and Singapore, with a worldwide network of distribution and service partners in more than 50 countries. Product lines include Voyage Data Recorders (VDRs), ECDIS and ship-to-shore Internet of Things (IoT) technologies.
“Danelec Marine has been a pioneer in creating an integrated product-service approach that is without precedent in the maritime industry, and the company is well positioned to capture a large share of the emerging ship-shore IoT marketplace,” said Arne Handeland, the Partner responsible for the investment at Verdane.
Verdane’s eight funds hold €1.8bn in total commitments and have made over 120 investments to date in sectors including consumer internet, enterprise software, energy & resource efficiency and financial services.
