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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