General Oceans, Inc. acquired Klein Marine Systems, Inc. from MIND Technology, Inc. for $11.5 million.
August 21, 2023
Share
General Oceans, Inc. entered into a stock purchase agreement to acquire Klein Marine Systems, Inc. from MIND Technology, Inc. (NasdaqCM:MIND) for $11.5 million on August 21, 2023.
General Oceans, Inc. completed the acquisition of Klein Marine Systems, Inc. from MIND Technology, Inc. (NasdaqCM:MIND) on August 22, 2023.
Mind Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. The Company offers marine technology products to marine survey, marine exploration, and maritime defense markets. The Company provides technology products such as exploration, survey, and defense products. The Company operates through one segment: Seamap Marine Products. Seamap Marine Products business is engaged in the design, manufacture and sale of specialized marine seismic equipment. Its manufacturing, support and sales facilities are maintained in the United Kingdom, Singapore, Malaysia and the state of Texas. Seamap Marine Products include Seamap SeaLink, Seamap GunLink, Seamap BuoyLink, source products, Misc. Seismic Products, and Seamap Ampair UW100. The Company has a global presence with operating locations in the United States, Singapore, Malaysia, and the United Kingdom. It also offers the Sea Serpent passive array system for maritime defense and security.
MIND TECHNOLOGY, INC. 
