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Announced

Completed

Xeos Technologies completed the acquisition of REF TEK business from Trimble.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

seismometers

Private

Single Bidder

Completed

seismic recorders

Friendly

United States

Electronic Equipment: Other

Acquisition

Synopsis

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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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