Announced
Completed
Financials
Tags
seismic data
Public
Friendly
Merger
Norway
Knowledge Process Outsourcing
Single Bidder
Completed
Majority
Private Equity
Synopsis
TGS-NOPEC Geophysical Company completed the merger with Spectrum, creating a provider of 2D and 3D seismic data, in a deal valued at $422m. Spectrum shareholders received 0.28x ordinary shares of TGS for each Spectrum share, in addition to a cash consideration of $0.27 multiplied by the exchange ratio. "The strategic combination of TGS and Spectrum will form a stronger and better company with a world-class data library, people and opportunities. We look forward to joining forces with TGS. There are strong strategic benefits from combining the companies, and we believe we can enhance our growth as part of a larger combined company," Rune Eng, Spectrum President & Chief Executive Officer.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.