KVH Announces the Sale of Videotel for $90 Million to Focus on Core Strategic Initiatives
KVH Industries, Inc. (KVHI)
Last kvh industries, inc. earnings: 5/1 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
ir.kvh.com
Company Research
Source: GlobeNewswire
MIDDLETOWN, R.I., May 13, 2019 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), today announced that it has 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. “As part of our long-term strategic roadmap, we are focusing on the large and growing markets of our core mobile connectivity and inertial navigation businesses,” says Martin Kits van Heyningen, chief executive officer of KVH. “We intend to use the net proceeds of the sale to invest in three key growth initiatives that we expect will drive significant value creation, as well as to reduce our debt. Specifically, we plan to invest in the development and commercialization of our photonic integrated chip technology for use in autonomous vehicles and other commercial and milita
Show less
Read more
Impact Snapshot
Event Time:
KVHI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KVHI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KVHI alerts
High impacting KVH Industries, Inc. news events
Weekly update
A roundup of the hottest topics
KVHI
News
- KVH Industries, Inc. (KVHI): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- KVH Industries Inc (KVHI) Q3 2024 Earnings Call Highlights: Navigating Revenue Challenges with ... [Yahoo! Finance]Yahoo! Finance
- KVH Industries Reports Third Quarter 2024 ResultsGlobeNewswire
- KVH Industries to Host Third Quarter Conference Call on November 7, 2024GlobeNewswire
- KVH and Pacific Basin Completing Hybrid Connectivity and Network Management Upgrade [Yahoo! Finance]Yahoo! Finance
KVHI
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form 4
- 11/7/24 - Form 10-Q
- KVHI's page on the SEC website