Onshore News: L-3 acquires HSA Systems Pty Limited of Australia
Posted on 26.03.2008 - 10:00 EDT in GENERAL NEWS by Rons_ROV_Links
L-3 Communications announced today that it has acquired HSA Systems Pty Limited of Australia, a leading provider of geospatial, marine and electronic systems for maritime and defense customers. HSA has annual sales of approximately $10 million (AU$11 million). The transaction closed on March 14, 2008.
"HSA is a significant addition to our global maritime capability and fits well with our recently formed Marine and Power Systems Group," said Michael T. Strianese, president and CEO of L-3 Communications.
HSA will be consolidated as a business unit within the L-3 Nautronix division in Australia, strengthening its product and market position in the Pacific Region. Mike Gallagher, managing director of L-3 Nautronix, will lead the business, which extends L-3's global presence with offices in Fremantle, Sydney and Wollongong, Australia, and Wellington, New Zealand.
L-3's Nautronix operations provide wireless long-range underwater communications, portable undersea test ranges, diver computers and electronic console map displays. The acquisition of HSA will enhance L-3's current line of networked undersea solutions and power and control systems to provide fully integrated system solutions.
HSA compiles, produces and maintains nautical charts, and supplies customized software and IT systems for the Australian Hydrographic Services, the Royal Australian Navy and Land Information New Zealand. The data collected and maintained by HSA is used by the maritime industry to identify the details of ocean and coastal areas, including the identification of navigational hazards, tides and currents, to provide real-time information for vessel tracking.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2007 sales of $14 billion.