"The acquisition of the Geomation product line is consistent with our strategy of offering the most complete toolbox of solutions to our customers," said Francois Cordeau, President & CEO of roctest Ltd. "The Geomation product line will allow direct data acquisition of our geotechnical instruments as well as integrate seamlessly with our recently released monitoring service SHMLive."
Data acquisition systems are a required element of the structural health monitoring system of all major civil engineering projects. Roctest has traditionally provided that aspect of the implementation through partnerships with third parties, including Geomation. Roctest says it will now be able to offer customers a more comprehensive solution based on its own in-house technology.
Geomation was founded in 1982 to satisfy the need for improved methods of obtaining timely physical measurements from the field. Its System 2300 was the first networked system designed specifically to overcome the barriers inherent in collecting data automatically from instrument clusters deployed within and around dams. The recently updated OutDAQ generation uses industry standard communication protocols and is more cost effective and reliable for dispersed outdoor installations, says the company.
John Klebba, founder and CEO of Geomation, has committed to join Roctest in order to facilitate the transition of the manufacturing site to St-Lambert, to support the training of the Roctest sales channel and to continue the promotion of the Geomation product line.
The Geomation asset purchase will be funded out of Roctest's existing cash resources. While the anticipated revenue contribution is not considered material to Roctest in 2010, the company expects the addition of the new product line to make a positive contribution to net income within the current fiscal year, based on maintaining existing sales volumes and the realization of identified cost saving.
