Koniag, Inc. Acquires Electronic Information Division of Moorpark, Calif.-Based Company
Anchorage, Alaska – Aug. 19, 2010 – Koniag, Inc. announced the acquisition of a California company specializing in software designed for production of schematics of electrical and hydraulic systems for the military. The new, wholly owned subsidiary has been established as Digitized Schematic Solutions, LLC (DSS).DSS was acquired by Koniag, effective July 1, when it purchased the Electronic Information (EI) division of Tools for Decision Group. TFD Group is an industry leader in software, consultation, database management and training for the U.S. Department of Defense and has seven companies worldwide. All products and services previously tendered by the Group’s EI division remain unchanged under the new management structure. DSS will continue to operate from its facilities in the Los Angeles area. “The capabilities of DSS will broaden the portfolio of Koniag’s wholly owned subsidiary, Koniag Development Corporation,” said Will Anderson, President and CEO of Koniag, Inc.
DSS’s trademark product is its Digital Schematic Tool, a point-to-point wiring and signal tracing application for a variety of equipment used by the military. The tool eliminates wire tracing problems by giving the user an interactive, automated map of every signal in the system, from origin to termination.Digital Schematic Solutions will complement the product offerings of XMCO Inc., another Koniag Development Corp. subsidiary based in Warren, Mich. XMCO writes and produces technical manuals for military heavy equipment and vehicles.
“Acquiring DSS will add to the strength of KDC’s portfolio,” said Tom Panamaroff, President and CEO of Koniag Development Corp. “TFD Group has an excellent reputation and has done business with virtually all the significant aerospace and defense companies in the world. We are excited to expand our holdings and seek opportunities for new business relationships.”Koniag, Inc. is one of 13 regional Alaska Native corporations established under the terms of the 1971 Alaska Native Claims Settlement ActThe corporation represents the region of Kodiak Island and portions of the Alaska Peninsula and is owned by approximately 3,600 Shareholders.
Posted: August 19, 2010