Kongsberg Maritime AS has actually authorized an arrangement to offer its undersea modern technology firm Hydroid,Inc for $350 million to shipbuilder Huntington Ingalls Industries (NYSE: HII). The arrangement gives that, since closing, the events will certainly become part of a tactical partnership arrangement worrying undersea modern technology as well as maritime remedies.
Kongsberg Maritime gotten Hydroid for $80 million in 2007.
“Kongsberg Maritime has driven technology development and created considerable value during the 12 years it has owned Hydroid, and we are capitalizing on this now. We are proud to have positioned Hydroid as a leading supplier of small and medium-sized autonomous underwater vessels in the market. We now look forward to work together with HII on new, maritime solutions and, at the same time, strengthening our world-leading underwater environment in Horten,” states Geir Håøy, President as well as Chief Executive Officer of the Kongsberg Group.
Hydroid, based in Pocasset, Mass., will certainly enter into HII’s Technical Solutions department.
HII states the purchase of Hydroid broadens its capacities in the tactically essential as well as quickly expanding self-governing as well as unmanned maritime systems market.
“We are very excited about bringing Hydroid into the HII family and establishing a strategic alliance with Kongsberg Maritime,” stated Mike Petters, HII’s head of state as well as Chief Executive Officer. “Hydroid’s advanced capabilities and reputation for excellence in autonomous and unmanned maritime systems provide the perfect complement to our existing unmanned operations, including Proteus in Panama City and our partnership with Boeing to produce the Orca XLUUV. This transaction, along with the strategic alliance with Kongsberg Maritime, demonstrates our long term commitment to the U.S. Navy, the U.S. Coast Guard and our national security customers and allies globally.”
HHI states that Hydroid is a field-proven modern technology leader in innovative aquatic robotics. Since 2001, its REMUS line of unmanned undersea lorries (UUV) has actually offered ingenious, quickly deployable remedies for usage in protection, aquatic study as well as business applications. Hydroid concentrates on UUV style, design, manufacturing as well as assistance.
