Announced
Completed
Financials
Tags
Norway
oilfield services
Oil Equipment and Services
Acquisition
Domestic
Merger
Public
Majority
Friendly
Single Bidder
Completed
Synopsis
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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