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Danelec accelerates growth with Verdane investment

Denmark headquartered Danelec Marine has announced an investment by Northern European growth equity investor Verdane to accelerate the Danish company’s growth in the global marine electronics and services sector.

{mprestriction ids="1,2"} Under the agreement, which was signed December 31, 2019, Verdane assumes a majority shareholder position in the privately held corporation. Danelec’s existing shareholders will continue to own shares in the company, and the management team, including CEO Hans Ottosen and COO Casper Jensen, will continue in their positions.

“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.

“Verdane has an impressive track record of supporting growth for tech companies and extensive experience in the maritime sector,” said Mr Ottosen. “They will be excellent investment partners who will help us accelerate organic and acquisition growth opportunities in existing and new technologies.”{/mprestriction}

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