Acquiring Company
GTT
Acquired Company
Danelec
Mclean
DenmarkInformation TechnologyDescription
GTT has announced its acquisition of Danelec for $219 million. This marks GTT's largest acquisition to date. The deal aims to strengthen GTT's offerings in marine digitalisation. Danelec's technology will enhance operational performance for maritime clients.
Quick answer
GTT is acquiring Danelec for $219 million, announced May 5, 2025. GTT is based in Mclean, Virginia, United States.
- How much did GTT pay for Danelec?
- The reported deal value is $219 million.
- What does GTT do?
- GTT is a managed network and security services provider to global organizations.
- Where are GTT and Danelec based?
- GTT is based in Mclean, Virginia, United States. Danelec is based in Denmark.
- Who are the decision-makers at GTT?
- Fundz holds 1 contact at GTT. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Danelec?
Danelec was acquired by GTT, based in Mclean. The deal was reported on May 5, 2025. GTT is a managed network and security services provider to global organizations. We design and deliver solutions that leverage advanced cloud, networking and security technologies. GTT is privately held.
When did GTT acquire Danelec?
GTT's acquisition of Danelec was reported on May 5, 2025. GTT has announced its acquisition of Danelec for $219 million. This marks GTT's largest acquisition to date. The deal aims to strengthen GTT's offerings in marine digitalisation. Danelec's technology will enhance operational performance for maritime clients. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Danelec do?
Danelec is a technology firm focused on digital solutions for the maritime industry. The company provides data collection and analysis tools to improve operational efficiency. Danelec's technology is aimed at helping maritime operators enhance performance. It is privately held, operating in Information Technology, and is based in Denmark.
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