Datamarine International And Stephens To Merge

Datamarine International, Inc., Pocasset, Mass., a leading manufacturer of marine electronic navigation systems and industrial flowmeters, has announced the signing of agreements to acquire and merge with Stephens Engineering Associates, Inc. (SEA) of Mountlake Terrace, Wash.

SEA designs, manufactures and markets high quality radio-telephone systems and components for use in marine and land mobile communications.

According to Howard H. Hill, president of Datamarine, the companies have agreed that SEA will remain in the Seattle area and operate as an independent business under its present management.

The intended merger has been approved by the board of directors of each company and is subject to ratification by SEA's stockholders.

Mr. Hill concluded, "the companies plan to consumate the merger before the end of Datamarine's current fiscal year, September 27, 1986." Datamarine International, Inc., designs, manufactures, sells and services marine instrumentation, including: depth sounders, knotmeters, wind indicators and loran C navigation computers for recreational boating and liquid flow instrumentation for industrial uses.

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Maritime Reporter Magazine, page 88,  Nov 1986

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.