Announced
Completed
Financials
Sources
Tags
Majority
seismometers
Private
Single Bidder
Completed
seismic recorders
Friendly
United States
Electronic Equipment: Other
Acquisition
Synopsis
Xeos Technologies, which designs and manufactures telemetry and data collection products, completed the acquisition of REF TEK, a provider of seismic recorders, seismometers, accelerometers and software for seismic, from Trimble, a service technology company. Financial terms were not disclosed. "The addition of the REF TEK seismic products are complementary to our remote monitoring business and allow us continued penetration into our existing seismic monitoring markets. By adding seismic hardware, Xeos will be able to extend its product portfolio to address an even wider range of applications," Derek Inglis, Xeos Technologies President and CEO.
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