Kongsberg Maritime has signed an agreement to acquire the UK-based sonar company GeoAcoustics Ltd for approximately NKr 42 million.
The acquisition of the Great Yarmouth-based company 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 sidescan sonars and technology for sub-bottom profiling.
In 2007/08 GeoAcoustics had a turnover of approximately NKr 42 million and had 43 employees, including its subsidiaries in Mumbai and Singapore.