Geophysical instrument firm Scintrex has entered into a definitive agreement to acquire Australian-based Auslog, a leading manufacturer of borehole geophysical instruments.
The transaction is expected to close by March 31.
According to a Scintrex release, the synergy that will result from acquiring Auslog should translate into $2 million in incremental revenues annually in the coming years.
Scintrex has served as Auslog’s chief international distributor for the past four years.
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