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  • Friday, November 22, 2024

Mitcham Buys L-3’s Sonar Tech Manufacturing Business


acquisition, mergerMitcham Industries has bought an L-3 Communications (NYSE: LLL) business unit that offers side-scan sonar and waterside security systems to the military and commercial sectors.

Texas-based Mitcham sells or leases geophysical equipment for energy, academic, environmental, seismic and government use,  and the company aims to expand its technology and customer base through the purchase of L-3 Klein Associates,  Rob Capps, co-CEO at Mitcham, said Monday.

The Salem,  New Hampshire-business will change its name to Klein Marine Systems and integrate into Mitcham’s manufacturing segment.

Mitcham co-CEO Guy Malden noted the company also produces specialized seismic marine platforms through its  Seamap unit and has distributed Klein-built technology products via subsidiary Seismic Asia Pacific.

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