CGGVeritas arm acquires UK-based Quest Geo Solutions

.

NYSE-listed CGGVeritas has informed that its subsidiary Sercel has entered into a private transaction to purchase all existing shares in Quest Geo Solutions Limited, a UK-based software company, for an all-cash consideration.

The company officials believe that the acquisition will help to broaden Sercel's product offering and comes as a logical extension to the existing partnership between the two companies, whereby Sercel distributes Quest navigation software such as Triggerfish and Geometis.

In addition, the deal also provides Sercel with increased development and support resources for its navigation software division and its newly released SeaPro Nav product.

CGGVeritas is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.
 


Latest News

Apigee Becomes the Second Tech Company for Silicon Valley to go Public this Year
Massive Crane Begins its First lift Helping to Build the Tappan Zee Bridge
Shares of Facebook Drop as the Social Networking Company Fails to Match Expectat
First Quarter Profits of Discover Financial Services Drops but Surpasses Analyst
Amgen Inc. Announced First Quarter Earnings that Beat Analysts’ Expectations and
Magnificent, Perfect100-carat Diamond Sells for $22Millon in Sotheby’s Jewelry A
Kraft Revamping Its Iconic Macaroni and Cheese Meal by Removing Synthetic Colour
San Juan Capistrano’s Tiered Rates for Water-Use Thrown Out by Appeals Court
Morgan Stanley Announces Better than Expected First Quarter Profits
Bombardier Aerospace secures contract from Air Niugini
Blue Cross and Blue Shield of Alabama and Alfa Insurance Are Expanding their Par
Diners Club