French liquid gas containment specialist GTT has completed its acquisition of Danish maritime digital solutions provider Danelec.
GTT says that the strategic acquisition further strengthens its position in the expanding maritime digital market and marks a key milestone in the Group’s strategy to deliver high-value solutions to ship owners and operators worldwide. The transaction is expected to have an accretive impact on GTT’s earnings per share from the first year and unlocks significant growth and synergy potential across the Group’s digital activities.
With Danelec joining Ascenz Marorka and Vessel Performance Solutions in GTT’s Digital division, the Group now supports an installed base of more than 17,000 vessels worldwide, offering the industry’s most comprehensive suite of high-quality data and digital solutions. These capabilities empower customers to enhance safety, optimise ships operational performance, and achieve ambitious decarbonisation goals.
Following the acquisition of Danelec, GTT’s Digital division will be structured into two key business units to better serve customer needs: Performance & Monitoring Solutions and Safety & Equipment. To lead the expanded Digital division, GTT has appointed Casper Jensen, current CEO of Danelec, as EVP Digital, GTT. As part of his new responsibilities, Jensen joins GTT Group’s Executive Committee. Under Jensen’s leadership, the combination of Danelec, Ascenz Marorka, and Vessel Performance Solutions will aim to bring to market a unified, best-in-class digital platform, while delivering significant synergies.
Anouar Kiassi, currently Ascenz Marorka CEO, becomes SVP of the Performance & Monitoring Solutions business unit, while Christian Kock, current EVP Safety, Danelec, takes on the role of SVP of the Safety & Equipment business unit within GTT’s Digital division.
Philippe Berterottière, Chairman and CEO, GTT Group, said: “With the acquisition of Danelec, GTT takes a decisive step forward in the digital sector. This transaction positions us as the world’s leading player in vessel performance management and enhances our ability to deliver advanced solutions for safety, efficiency, and decarbonisation. I am pleased that Casper Jensen, CEO of Danelec, will lead our Digital division and join GTT Group’s Executive Committee, bringing his expertise and vision to this next phase of growth. In a rapidly expanding digital maritime market, this acquisition reinforces our leadership and creates significant value for both our customers and our shareholders.”
Jensen said: “I am honoured to lead GTT’s Digital division at this pivotal moment. By bringing together the strengths of Danelec, Ascenz Marorka, and Vessel Performance Solutions, we are creating a unified digital offering that empowers our customers to navigate their most pressing challenges, from operational performance to safety and decarbonisation. Our priority is to ensure continuity and deliver the high standards of innovation and service our clients expect, while accelerating the development of the industry’s leading digital platform.”
Image: Danelec’s Casper Jensen becomes EVP Digital in GTT Group (source: Danelec)
