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New Deal


Announced

Topicus and Vela Software to acquire GeoSoftware business from CGG.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software

hydrocarbons

Cross Border

Friendly

Acquisition

France

Private

Software

Majority

oil and gas

Pending

Synopsis

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Topicus, a vertical market software and vertical market platforms provider to clients in public and private sector markets and a subsidiary of Total Specific Solutions, and Vela Software, software solutions provider to a number of vertical industries with broad and deep market knowledge in the Energy and Resources software, agreed to acquire GeoSoftware business from CGG, a global geoscience technology company. Financial terms are not disclosed. The Geosoftware business will be owned jointly by Topicus and Vela, with Topicus owning 60% and Vela 40%. "We are excited to welcome Geosoftware and its employees, for the long term, into our portfolio,” Han Knooren, TSS operating group within Topicus CEO.

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