Under the agreement inked at the end of last year Verdane has taken a majority shareholding position in Danelec. The percentage stake was not revealed and the company’s existing shareholders continue to own a stake in the company.
The current management team, including ceo Hans Ottosen and coo Casper Jensen (pictured above), will continue in their positions following the change in majority ownership.
“Verdane has an impressive track record of supporting growth for tech companies and extensive experience in the maritime sector,” said Ottosen. “They will be excellent investment partners who will help us accelerate organic and acquisition growth opportunities in existing and new technologies.”
Danelec is headquartered in Denmark, with branch offices in Singapore and China, and its products include Voyage Data Recorders (VDRs), Electronic Chart Display and Information Systems (ECDIS) and ship-to-shore Internet of Things (IoT) solutions.
“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, partner and responsible for the investment at Verdane.