Tag Archives: Videotel Marine Asia Ltd.

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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