M&A Deal Summary

Ocean Technologies Group Acquires Videotel

On May 13, 2019, Ocean Technologies Group acquired internet software and services company Videotel from KVH for 90M USD

Acquisition Highlights
  • This is Ocean Technologies Group’s 1st transaction in the Internet Software and Services sector.
  • This is Ocean Technologies Group’s largest (disclosed) transaction.
  • This is Ocean Technologies Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-05-13
Target Videotel
Sector Internet Software and Services
Buyer(s) Ocean Technologies Group
Sellers(s) KVH
Deal Type Divestiture
Deal Value 90M USD

Target

Videotel

London, United Kingdom
Videotel is a provider of training solutions. Videotel's platform includes a Learning Management System (LMS), as well as recording and reporting management software, enabling shipping companies to monitor and track training of their crews using cloud-based technology. Videotel was founded in 1978 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Ocean Technologies Group

Horten, Norway
Category Company
Founded 1996
Sector Education
DESCRIPTION

Ocean Technologies Group is a provider of technology-enabled training and compliance tools for the maritime, oil and gas industries. Ocean Technologies Group was founded in 1996 and is based in Horten, Norway.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Tero Marine AS

Bergen, Norway

Tero Marine AS is one of the world’s major developers of marine information systems. Tero Marine AS TM Master software suite is in use on ships and shipowners’ offices all over the world. TM Master is a fully integrated information system, and is continuously adapting to meet the standards of future shipping operations. The software suite consists of four modules: TM Maintenance, TM Procurement, TM Human Resources and TM Quality & Environment. At the core of the system is a robust database used for data storage and for sharing information between all the modules.

Buy -

Seller(S) 1

SELLER

KVH

Middletown, Rhode Island, United States
Category Company
Founded 1982
Sector Technology Hardware
Employees325
Revenue 132M USD (2023)
DESCRIPTION

KVH is a provider of in-motion satellite TV and communications systems having designed, manufactured, and sold more than 175,000 mobile satellite antennas for applications on vessels, vehicles, and aircraft. KVH was founded in 1982 and is based in Middletown, Rhode Island.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-03 Videotel

London, United Kingdom

Videotel is a provider of training solutions. Videotel's platform includes a Learning Management System (LMS), as well as recording and reporting management software, enabling shipping companies to monitor and track training of their crews using cloud-based technology. Videotel was founded in 1978 and is based in London, United Kingdom.

Buy £29M
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