.
MergerLinks Header Logo

New Deal


Announced

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

Financials

Edit Data
Transaction Value£26m
Consideration TypeCash
Capital Owned60%
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

oil services

United States

Majority

Single Bidder

Private

seismic solutions

Oil Equipment and Services

Acquisition

Friendly

Pending

Synopsis

Edit

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.

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

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US