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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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