Paris, France – July 31, 2025 – GTT (Gaztransport & Technigaz), a leading technology and engineering group renowned for its cryogenic membrane containment systems for liquefied gases, today announced the successful completion of its acquisition of Danelec. This strategic move is poised to fundamentally strengthen GTT’s position in the rapidly expanding maritime digital market, marking a pivotal milestone in the Group’s strategy to deliver high-value, integrated solutions to ship-owners and operators worldwide.
The acquisition of Danelec, a global leader in maritime safety and digital performance solutions, is expected to be immediately accretive to GTT’s earnings per share from the first year, signaling strong growth and synergy potential across the Group’s digital activities. The deal, initially announced on May 5, 2025, was valued at €194 million.
With Danelec now integrated into GTT’s Digital division, alongside existing subsidiaries Ascenz Marorka and Vessel Performance Solutions, the Group commands an impressive installed base of over 17,000 vessels globally. This expanded portfolio is designed to offer the industry’s most comprehensive suite of high-quality data and digital solutions, empowering maritime stakeholders to enhance safety, optimize operational performance, and accelerate progress towards ambitious decarbonization goals.
Strategic Leadership for an Expanded Digital Vision
To spearhead this enlarged Digital division, GTT has appointed Casper Jensen, the former CEO of Danelec, as its new Executive Vice President Digital. Jensen will also join GTT Group’s Executive Committee, bringing his extensive expertise and strategic vision to this critical growth area.
Under Jensen’s leadership, GTT’s Digital division will be restructured into two key, customer-centric business units:
- Performance & Monitoring Solutions: Led by Anouar Kiassi, current CEO of Ascenz Marorka, who assumes the role of Senior Vice President (SVP) for this unit. This unit will focus on vessel optimization, fuel consumption monitoring, and environmental performance.
- Safety & Equipment: Headed by Christian Kock, current Executive Vice President Safety at Danelec, who becomes SVP for this unit. This unit will encompass critical safety solutions, including Voyage Data Recorders (VDRs), where Danelec holds a significant market share (approximately 15% of the global fleet).
The combined strengths of Danelec, Ascenz Marorka, and Vessel Performance Solutions are expected to lead to the development of a unified, best-in-class digital platform, while also delivering significant operational synergies.
Executive Vision on Strategic Rationale
Philippe Berterottière, Chairman and CEO of GTT Group, emphasized the transformative nature of the acquisition: “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 significantly enhances our ability to deliver advanced solutions for safety, efficiency, and decarbonization. I am delighted that Casper Jensen will lead our Digital division, 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.”
Casper Jensen, now Executive Vice President Digital at GTT, expressed his enthusiasm for the expanded role: “I am honored 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 decarbonization. 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.”
Impact on Maritime Decarbonization and Digitalization
For the broader maritime industry, especially in the context of decarbonization, this acquisition signifies:
- Integrated Digital Offering: The combined entity provides a more comprehensive suite of tools for shipowners to monitor, analyze, and optimize vessel performance, directly impacting fuel efficiency and emissions reduction. This includes high-frequency data collection, advanced analytics, and voyage optimization.
- Enhanced Data-Driven Decarbonization: With an expanded installed base of 17,000 vessels, GTT’s Digital division will have access to a vast pool of real-world operational data. This data is invaluable for developing more precise models for energy efficiency, predicting optimal routes, and demonstrating compliance with environmental regulations (e.g., IMO’s CII and EEXI).
- Safety and Compliance Focus: Danelec’s strength in VDRs and safety solutions complements GTT’s performance optimization tools. Robust data collection for safety purposes often overlaps with data needed for efficiency improvements, creating synergies.
- Consolidation in Digital Market: This acquisition reflects a broader trend of consolidation within the fragmented maritime digital solutions market. Larger, more integrated players like GTT are emerging to offer “one-stop-shop” solutions, simplifying the vendor landscape for shipowners.
- Future-Proofing Vessels: GTT’s long-standing expertise in LNG containment (a key low-carbon fuel) combined with enhanced digital capabilities positions it uniquely to support vessels transitioning to alternative fuels by providing both the physical containment technology and the digital tools for optimizing their new operational profiles.
This acquisition solidifies GTT’s commitment to not only its traditional cryogenic expertise but also its ambitious expansion into digital services, positioning the company as a formidable force in driving the maritime industry’s twin transitions towards digitalization and decarbonization.
About GTT
GTT (Gaztransport & Technigaz) is a technology and engineering group with expertise in the design and development of cryogenic membrane containment systems for use in the transport and storage of liquefied gases. Over the past 60 years, the GTT Group has developed innovative technologies used in LNG carriers, floating terminals, onshore storage tanks, and multi-gas carriers. Committed to building a sustainable world, GTT develops new solutions to support shipowners and energy providers in their journey towards a decarbonized future. This includes systems enabling commercial vessels to use LNG as fuel, cutting-edge digital solutions to enhance vessels’ economic and environmental performance, and active innovation in low-carbon solutions.
Source GTT (Gaztransport & Technigaz)