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Announced

Completed

TGS completed the merger with PGS in a $862m deal.

Financials

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Transaction Value£695m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium20.7%
One Off Charge-

Tags

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Norway

oilfield services

Oil Equipment and Services

Acquisition

Domestic

Merger

Public

Majority

Friendly

Single Bidder

Completed

Synopsis

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TGS, a scientific data and intelligence provider to companies active in the energy sector, completed the merger with PGS, a technologically focused oilfield service company, in a $862m deal. “We are excited to announce a merger with PGS, completing a major milestone of building a fully integrated and robust global energy data provider. Our clients will benefit from scale, a unique technology portfolio and premier service quality. Bringing together two distinct, yet complementary, companies positions us even better for a continued upcycle in the energy sector", Kristian Johansen, TGS Chief Executive Officer.

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