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New Deal


Announced

Completed

Total Specific Solutions completed the acquisition of Subsurface software business from Lloyd’s Register.

Synopsis

Total Specific Solutions, a provider of software solutions for the oil and gas vertical, completed the acquisition of subsurface software business from Lloyd’s Register, a provider of professional services for engineering and technology in the maritime sector. Financial terms were not disclosed. “We are pleased that Subsurface, with its two dedicated software solutions for well management, has joined TSS. Subsurface will remain an independent business unit and will help us strengthen our foothold in the geoscience vertical. The company will be a great addition to the GeoSoftware ecosystem. By adding Subsurface to our portfolio, we gain a wealth of domain knowledge and experience. The oil and gas domain is in transition, and you need this in-depth understanding to anticipate the direction of the change and help your clients stay ahead of the competition. I look forward to helping Derek Crombie and his team become acquainted with the TSS best practices,” Abdelmoula Salah, Total Specific Solutions General Manager.

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