Fugro to acquire remaining shares in Seabed Geosolutions from CGG for $35m.

Fugro, an integrated provider of geotechnical, survey, subsea and geosciences services, agreed to acquire remaining shares in Seabed Geosolutions, which provides comprehensive ocean bottom seismic solutions to the global oil and gas industry, from CGG, a French-based geophysical services company, for $35m. Fugro remains fully committed to divest the Seabed Geosolutions business which is a non-core asset held for sale. It is expected that this transaction, which will result in Fugro becoming the sole owner of Seabed Geosolutions, will facilitate the divestment process.