Axia Capital Partners, LP Announces Sale of Hydroid, LLC

Axia Capital Partners, LP, announced today that it has completed the sale of the assets and business of Hydroid, LLC to Kongsberg Maritime, AS, a division of Kongsberg Gruppen, for approximately $80 million and an earn-out based on Hydroid’s 2008 and 2009 operating performance. Hydroid is a manufacturer and supplier of Autonomous Underwater Vehicles...