CGG Announces the Closing of GeoSoftware Business Sale for a Total Cash Consideration of US$95 million
CGG S.A. is pleased to announce today the completion of the previously announced sale of CGG’s GeoSoftware business to Topicus.com Inc. (“Topicus”) and Vela Software (“Vela”) for the total cash consideration of US$95 million (subject to certain customary closing adjustments). This transaction was effective October 1, 2021. About CGG CGG …
CGG Sells its GeoSoftware Business to Topicus.com and Vela Software
CGG S.A. and Topicus.com Inc. announced today that CGG has entered into an agreement with Topicus and Vela Software, for the sale of CGG’s GeoSoftware business. The closing of this transaction remains subject to mutually agreed closing conditions. “Being a perpetual owner of businesses, Topicus and Vela look forward to …
CGG Introduces GeoSoftware and GeoConsulting Business Lines
CGG announced today the creation of two new business lines, GeoSoftware and GeoConsulting, within its Geology, Geophysics & Reservoir (GGR) division: o GeoSoftware is the worldwide leader in advanced seismic reservoir characterization technology. It brings together CGG’s commercial software including Jason, Hampson-Russell and TerraSpark, along with the associated sales, …