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Acteon acquires TerraSond

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Oilfield Technology,


Acteon, the subsea services group, has completed the acquisition of geosciences survey company TerraSond.

Headquartered in the US, TerraSond is a multidisciplinary geospatial and geophysical business with experience working for clients in oil and gas, as well as renewables, engineering and mining, telecoms, marine construction and public sectors. Its work ranges from inland works to deep ocean seabed exploration and mapping projects.

Tom Newman, President of TerraSond, commented: “We are excited to be joining Acteon; leveraging their resources and global coverage will enable us to deliver even more high-quality work to our clients while providing long-term growth and opportunity for our talented and dedicated employees. TerraSond’s focus on both innovative and proven geospatial and geophysical offerings complements Acteon’s survey capabilities.”

“The addition to the group of TerraSond, with its early-cycle capability, alongside the recently announced acquisition of Benthic, enhances Acteon’s existing very strong survey business and the development of a truly comprehensive global offering” said Richard Higham, Acteon’s Chief Executive.

TerraSond will continue to be led by Tom Newman and his management team.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/21062019/acteon-acquires-terrasond/

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