Sercel selected as the successful bidder for the acquisition of ION software business
Published by Emily Thomas,
Deputy Editor
Oilfield Technology,
CGG announced that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation’s software business.
Sercel intends to keep all employees associated with this business. The acquisition is in connection with ION’s recently announced US chapter 11 bankruptcy process.
The closing of the transaction is subject to approval by the bankruptcy court and other customary conditions, including regulatory approvals. The acquisition is expected to close in the third or fourth quarter of 2022.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/04072022/sercel-selected-as-the-successful-bidder-for-the-acquisition-of-ion-software-business/
You might also like
McDermott awarded offshore contract by Brazil's BRAVA Energia
Under the contract scope, McDermott will execute the transportation and installation of flexible pipelines, umbilicals and associated subsea equipment for two new wells at the Papa-Terra field and two new wells for the Atlanta Phase 2 development.