Sercel completed the acquisition of the software business of ION Geophysical.

Sercel, a designer and manufacturer of high-tech solutions for subsurface exploration, completed the acquisition of the software business of ION Geophysical, a provider of acquisition equipment, software, planning and seismic processing services, and seismic data libraries to the global oil & gas industry. Financial terms were not disclosed. “We are delighted to bring ION’s software technology and expertise onboard and welcome the teams to Sercel. This acquisition is an excellent opportunity for Sercel to broaden its offering and to continue to expand its diversification opportunities with value proven products such as Marlin. The software team also brings significant experience in designing, developing, supporting and selling software services and solutions, which Sercel can further leverage across its various other solution offerings," Emmanuelle Dubu, Sercel CEO.