Guideline Geo acquires Distributor in Australia
Guideline Geo has signed an asset purchase agreement with Geonix Pty Ltd, trading as MALA GPR Australia, based in Sydney, Australia. The acquired operation had a total revenue of 12 MSEK for the financial year 2022/23. The acquisition is in line with Guideline Geo acquisition strategy. Geonix has been a long-term partner and the distributor of Guideline Geo products for the Oceania region since 2009. Geonix has been successful in growing the market for geophysical instruments and is also recognized for its competent support, training and service. “This acquisition is strategic to us,