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  6. ION Acquires ARAM Systems

M&A Deal Summary

ION Acquires ARAM Systems

On July 11, 2008, ION acquired electrical equipment company ARAM Systems for 350M CAD

Acquisition Highlights
  • This is ION’s 2nd transaction in the Electrical Equipment sector.
  • This is ION’s 0th largest (disclosed) transaction.
  • This is ION’s 1st transaction in Canada.
  • This is ION’s 1st transaction in Alberta.

M&A Deal Summary
Date 2008-07-11
Target ARAM Systems
Sector Electrical Equipment
Buyer(s) ION
Deal Type Add-on Acquisition
Deal Value 350M CAD

Target

ARAM Systems

Calgary, Alberta, Canada
ARAM Systems Ltd. is a provider of cable-based land seismic recording systems.

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Buyer(S) 1

Buyer

ION

Houston, Texas, United States
Category Company
Founded 1968
Sector Energy Services and Equipment
Employees360
Revenue 123M USD (2020)
DESCRIPTION

ION is a provider of technology-driven energy equipment solutions to the global oil & gas industry. ION was founded in 1968 and is based in Houston, Texas.

DEAL STATS #
Overall 7 of 10
Sector: Electrical Equipment M&A 2 of 4
Type: Add-on Acquisition M&A Deals 7 of 8
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-23 Concept Systems

Edinburgh, United Kingdom

Concept Systems Ltd. is a provider of of real-time navigation and data integration software and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 OceanGeo BV

Ramos, Brazil

OceanGeo BV specializes in multicomponent ocean bottom seismic acquisition.

Buy -
Mergr

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