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Geokon becomes 100% employee-owned through an ESOP

Geokon has completed the transition to 100% employee-owned through its newly created employee stock ownership plan (ESOP).

 US manufacturer of geotechnical and structural instrumentation, Geokon, is now employee-owned

US manufacturer of geotechnical and structural instrumentation, Geokon, is now employee-owned

Located in Lebanon, New Hampshire, US, Geokon specialises in the design and manufacture of geotechnical and structural instrumentation for a wide range of industries including tunnels, dams, mines, piles, bridges, pipelines, landfills, embankments, transportation and wind turbines.

"During a time where our industry is witnessing consolidation via venture capitalism, we are pleased to resist this trend and transition to a 100% employee-owned company. Our 43-year success is built on quality, service, and the efforts of our dedicated employees.

"We believe that their ownership will contribute greatly to the next chapter of Geokon, and we look forward to the extraordinary results of the trust we've placed in their capable hands," Chuck Chamley, president, said.

Barrie Sellers, founder and president emeritus, added: "I'm happy that I can leave Geokon in the hands of the people who helped me make it the outstanding company that it is."

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