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Axia Advises Hydroid on $80 Million
Acquisition by Kongsberg Maritime AS
Axia
Advisors is pleased to
announce that we advised
Hydroid, LLC,
a leading manufacturer of Autonomous
Underwater Vehicles (AUV) for military
and commercial markets, on its recent
sale to Kongsberg Maritime. Kongsberg
Maritime AS is wholly owned
by Kongsberg Gruppen ASA, headquartered
in Kongsberg, Norway.
Chris von Alt, President and CEO of
Hydroid, LLC stated, "As a Kongsberg
company, Hydroid will continue to
improve the products and services we
offer, so they will be of greater value
to our customers. The strategic fit is
very important to our shareholders, and
we are grateful to Axia Advisors for
their contributions to this remarkably
successful outcome." |
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Background
Hydroid was founded in 2001 to
manufacture, support and further develop
the REMUS Autonomous Vehicle Technology,
originally developed and licensed
through an exclusive license with the
Woods Hole Oceanographic Institution.
REMUS is the product of over 15 years of
leading edge research and
development, culminating in the world's
most capable and reliable compact AUV.
Hydroid employs 50 employees in the U.S.
and U.K., and manufactures REMUS
vehicles at its state of the art
facility in Pocasset, MA. |
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About Axia
Advisors, LLC
Axia Advisors, LLC is a leading boutique
investment bank that specializes in
developing profitable relationships
between buyers, sellers and investors in
industrial technology. Our unique
combination of engineering know-how and
hands-on management expertise provides
public and private companies with deep
domain expertise, actionable advice and
best in class execution. As an
affiliate of Axia
Partners, Axia Advisors has been
providing
middle
market industrial technology clients with
strategic advisory, capital raising and
M&A services since 2004. |
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