Hydroid, a manufacturer of Autonomous Underwater Vehicles, was acquired by Kongsberg Maritime AS for $80 million, enhancing Kongsberg’s technological capabilities in the AUV market.

Target Information

Founded in 2001, Hydroid, LLC is a prominent manufacturer specializing in Autonomous Underwater Vehicles (AUV) tailored for both military and commercial applications. The company is renowned for its REMUS Autonomous Vehicle Technology, which originated through a partnership with the Woods Hole Oceanographic Institution. This technology, developed over 15 years, has resulted in the REMUS AUV being recognized as one of the most capable and reliable compact underwater vehicles in the industry. Hydroid operates with a workforce of 50 employees across its facilities in the U.S. and U.K., with manufacturing taking place in its state-of-the-art facility located in Pocasset, Massachusetts.

Industry Overview in the United States

The Autonomous Underwater Vehicle market in the United States has been witnessing significant growth, primarily driven by increasing demand from both military and commercial sectors. The advancement of underwater technology has opened new avenues for exploration and surveillance, thus becoming critical for defense applications, environmental monitoring, and scientific research.

Technological innovations have propelled the U.S. to the forefront of AUV development, with ongoing investments into R&D fostering an environment where companies like Hydroid can th