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KVH sells Videotel for $90 million

KVH Industries 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. The sale was completed immediately upon execution of definitive agreements. The company will invest in the development and commercialization of our photonic integrated chip technology for use in autonomous vehicles and other commercial and military platforms.

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KVH IP-MobileCast to include AWT’s high-resolution weather data

KVH Industries, Inc.,has announced that its content delivery service IP-MobileCastTM now includes high-resolution updates from Applied Weather Technology (AWT), a marine weather service provider, as a standard feature. Subscribing vessels will receive global weather data four times per day via the KVH mini-VSAT Broadbandsm network without incurring any data transmission costs.

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