KVH Industries Acquires Leading Maritime Training Service Producer Videotel
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Chardan Capital Sees KVH Industries' (KVHI) Acquisition of Videotel as 'Significant'; Boosts Ests
July 7, 2014 8:56 AM EDTChardan Capital boosts estimates on KVH Industries (Nasdaq: KVHI) following news out late last week that the company acquired Videotel.
Analyst James McIlree said his FY14 EPS estimate moves from $.29 up to $.32 and FY15 from $.63 to $.74. In addition to the immediate financial benefit of the purchase, Videotel, like the acquisition of Headland Media last year, provides a more consistent, high-margin, revenue stream. The addition of Headland and Videotel makes... More
KVH Industries (KVHI) Buys Videotel for ~$48.9M
July 3, 2014 7:02 AM EDTKVH Industries (NASDAQ: KVHI) announced that it has acquired Videotel, a producer of high-quality training films and e-Learning services for the commercial maritime industry. Servicing over 11,000 vessels, Videotel is a market leader in the provision of maritime training services, offering video, animation, e-Learning computer-based training (CBT), and interactive distance learning courses.
"The acquisition of Videotel is an important addition to our portfolio of services targeting the needs of commercial seafarers and supports our strategic vision of extending our maritime broadband service to include delivering premium content to vessels," said Martin Kits van Heyningen,... More
