Mergers, Acquisitions & Exits

KVH sells Videotel division to focus on core initiatives

By Craig Ritchie2019-05-20T13:32:00

Divestiture of its Videotel training business will allow KVH to focus on core strategic initiatives including the development of integrated chip technology

Middletown, Rhode Island-based KVH Industries Inc has sold its maritime training business known as the Videotel group of companies to an affiliate of Oakley Capital for US$90m in order to focus on core strategic initiatives.

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