GeoAcoustics now a Kongsberg Company
Kongsberg Maritime has signed an agreement to purchase GeoAcoustics Ltd.. 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 underwater acoustics. It has an excellent reputation in the market, especially for side scan sonars and technology for sub-bottom profiling. GeoAcoustics' main product within side-scan sonars is the GeoSwath that includes bathymetric dataprocessing. In 2007/08 GeoAcoustics had a turnover of approx. GBP4M and has 43 employees, including its subsidiaries in Mumbai and Singapore.
GeoAcoustics believes that joining forces with Kongsberg Maritime will further strengthen the current market position. Kongsberg Maritime and GeoAcoustics are able to offer a broader range of products and customers will have one main supplier for their hydrographic requirements.
