ACQUISITION: Geotech absorbs Aeroquest

AURORA, Ontario – Geotech Ltd., a world leader in airborne geophysical surveys, has acquired Aeroquest International and its subsidiaries. Aeroquest shareholders approved the deal on May 3, 2012.

AURORA, Ontario – Geotech Ltd., a world leader in airborne geophysical surveys, has acquired Aeroquest International and its subsidiaries. Aeroquest shareholders approved the deal on May 3, 2012.

Aeroquest will continue to operate as Aeroquest Ltd. in Canada, UTS Geophysics in Australia, as Aeroquest Mapcon in Canada and the United States, as well as Geophex in the United States.

The acquisition of Aeroquest makes Geotech the world’s largest privately owned geophysical survey company (Geotech.ca). It operates more than 20 aircraft and as many as 50 deployable systems.

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