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KVH Industries Inc acquires leading maritime training service producer Videotel

Thursday, 3 Jul 2014 07:00am EDT 

KVH Industries Inc:Acquired Videotel, producer of high-quality training films and e-Learning services for commercial maritime industry.Servicing over 11,000 vessels, Videotel is a market leader in provision of maritime training services, offering video, animation, e-Learning computer-based training (CBT), and interactive distance learning courses.Company financed transaction from its cash on hand and proceeds from new credit facility.Akin Gump Strauss Hauer & Feld LLP acted as legal counsel to KVH. 

Company Quote

17 Dec 2014