Elbit Systems Ltd. has completed the acquisition of International Submarine Engineering Ltd. (ISE), a Canada-based company specializing in advanced autonomous underwater and remotely operated systems for the maritime domain. The acquisition was completed for a purchase price that is not material to Elbit Systems.
Headquartered in the Vancouver area, ISE is a high-technology company engaged in the development and manufacture of undersea vehicles, including Autonomous Underwater Vehicles (AUVs) and Remotely Operated Vehicles (ROVs), as well as computer control systems and robotics. With more than 50 years of experience in subsea robotics, ISE has delivered over 250 underwater vehicles to customers in more than 20 countries worldwide.
Elbit Systems’ naval portfolio includes unmanned surface vessels, underwater systems, integrated command-and-control (C2) suites, electro-optical and sonar systems, communications and electronic warfare technologies. Through its subsidiaries and global centers of excellence, Elbit Systems delivers proven naval capabilities supporting missions ranging from coastal security to blue-water operations.
The addition of ISE’s underwater autonomous technologies is intended to expand Elbit Systems' capabilities in underwater Intelligence, Surveillance and Reconnaissance (ISR), Mine Counter Measures (MCM) and Anti-Submarine Warfare (ASW), further strengthening the Company's end-to-end maritime offering.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "This acquisition marks another milestone in Elbit Systems’ strategy to expand its offerings in the naval domain. Combined with our existing capabilities in naval electronic warfare, autonomous systems, naval precision munitions and maritime mission systems, ISE’s underwater technologies will further strengthen our position as a global provider of comprehensive, integrated maritime solutions."