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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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