Tag Archives: Ocean Business

KVH Sells Videotel For $90 Million

KVH Industries Inc. sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90 million, on a cash-free, debt-free basis, subject to working capital adjustments.  The sale was completed immediately upon execution of definitive agreements.  KVH expects to receive payment of the purchase price within 30 business days,

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U.S. Coast Guard Discusses Its Developing Role in the Arctic

SEATTLE — The U.S. Coast Guard’s Pacific Area commander discussed the service’s strategic outlook for the Arctic, its new class of polar security cutters, and its efforts to improve maritime domain awareness in the high latitudes. The keynote speech given by Vice Adm. Linda Fagan was during the Arctic Encounter Symposium in Seattle, Washington. The U.S. Coast Guard (USCG) recently

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