Kongsberg Maritime buys UK subsea Company GeoAcoustics Ltd.
2008.09.01 -
Industry
Kongsberg Maritime has signed an agreement to purchase the UK based sonar company GeoAcoustics Ltd. of Great Yarmouth, for approx. MNOK 42. The acquisition will enhance Kongsberg Maritime`s market position as GeoAcoustics` products will complement KONGSBERG`s product portfolio.
GeoAcoustics has 30 years of experience in subsea underwater acoustics. It has an excellent reputation in the market, especially for side scan sonars and technology for sub-bottom profiling. In 2007/08 GeoAcoustics had a turnover of approx. MNOK 42 and had 43 employees, including its subsidiaries in Mumbai and Singapore.
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