Geospace Technologies Acquires Aquana, LLC

July 7, 2021

Geospace Technologies Corporation acquired 100% of Aquana, LLC, a provider of wireless IoT water monitoring and remote shut-off valve systems, which will operate as a wholly owned subsidiary. The deal included an initial cash payment of $1.4 million plus contingent cash payments over a six-year earn-out; Geospace said the acquisition expands its IoT and smart city capabilities and complements its existing product and manufacturing base.

Buyers
Geospace Technologies Corporation
Targets
Aquana, LLC
Industry
Cloud & SaaS
Location
United States
Transaction Type
Buyout

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