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RESON Acquires NeSA Mediterranean 09.15.2003

September 15, 2003
RESON, a leading provider of underwater acoustic technology, and NeSA Mediterranean, a leading hydrographic surveying organization located in Italy, are pleased to announce the completion of RESON’s acquisition of NeSA Mediterranean.

“RESON’s focus on exceptional service and unmatched technology combined with NeSA’s in depth knowledge of the Mediterranean region will allow us to reach significant new markets with our superior products and service,” said Claus R. Steenstrup, President of the RESON Group.

NeSA Mediterranean has successfully represented RESON in the Mediterranean region for the past year. RESON looks forward to continuing and expanding business opportunities in this area.

Based in Bologna, Italy, the new business will continue to operate under the direction of Mr. Pietro Basciano, who has served as manager of NeSA Mediterranean (formerly Thales GeoSolutions) for the past several years. In addition, RESON gains the expertise of six employees.

Basciano commented, “We are excited to raise RESON’s presence in the Mediterranean region. With our complementary focus on service, quality, and technology, the acquisition of NeSA Mediterranean will reinforce RESON’s position as the runaway leader in the underwater acoustic technology market."

Source: RESON, Sept. 11, 2003