Airmar Technology Corporation, a company that designs, engineers and manufactures ultrasonic transducers and sensor technology, announced that it has acquired substantially all of the assets of Marport Deep Sea Technologies’ Commercial Fishing division, a leading developer of advanced sonar technology. Airmar will also acquire the Marport name and the web domain as a part of the transaction. The terms of the acquisition have not been disclosed.
Airmar began collaborating with Marport approximately eight years ago and has a history of working together to develop products that have been commercialized. Airmar and Marport will continue to jointly develop new products in the same manner, but will focus heavily on bringing new products to market quickly, improving lead times for existing products and improving distribution channels.