NORBIT signs agreement to acquire Water Linked
NORBIT signed an agreement to acquire 100% of Water Linked, adding underwater navigation and imaging technology to its Oceans portfolio.
Evidence notes
- Water Linked supplies Doppler velocity logs, 3D imaging sonar, underwater modems and acoustic positioning systems.
- The deal is valued at NOK 330 million on a cash and debt-free basis.
- The acquisition expands NORBIT’s maritime, defence and offshore underwater technology offering.