Carnegie acted as financial adviser to the owners of Danelec Marine
Danelec Marine (“Danelec”) and Verdane Capital (“Verdane”) have today announced that Verdane has entered into an agreement to acquire a majority stake in Danelec from the current owners. The owners of Danelec had been looking for a strong partner to accelerate its growth in the maritime technology sector. Carnegie acted as financial adviser to the owners of Danelec.
Headquartered in Birkerød, Danelec supplies the global maritime industry with hardware and software for data collection and safety. The largest business area is the “black box” or Voyage Data Recorder (VDR), whereas Danelec is also advancing with its Electronic Chart Display & Information System (ECDIS), as well as the IoT data solution DanelecConnect. Danelec benefits from recurring revenue from aftermarket service sales via mandatory annual performance tests (APTs) and the sale of spare parts in addition to license revenue from its software solutions. Currently over 6,000 Danelec systems are installed on vessels worldwide.
“With Verdane onboard, we will be able to accelerate our pursuit of organic and acquisitive growth opportunities in existing and new technologies", says Hans Ottosen, CEO and owner at Danelec Marine.