M&A Deal Summary

CGG Acquires Veritas DGC

On January 12, 2007, CGG acquired engineering company Veritas DGC for 3.1B USD

Acquisition Highlights
  • This is CGG’s 1st transaction in the Engineering sector.
  • This is CGG’s largest (disclosed) transaction.
  • This is CGG’s 1st transaction in the United States.
  • This is CGG’s 1st transaction in Texas.

M&A Deal Summary
Date 2007-01-12
Target Veritas DGC
Sector Engineering
Buyer(s) CGG
Deal Type Add-on Acquisition
Deal Value 3.1B USD

Target

Veritas DGC

Houston,, Texas, United States
Veritas DGC Inc is a provider of integrated geophysical information and services to the petroleum industry worldwide.

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Buyer(S) 1

Buyer

CGG

Massy, France

website

Category Company
Founded 1931
Sector Oil/Gas Exploration
Employees3,700
Revenue 927M USD (2022)
DESCRIPTION

CGG is a fully integrated Geoscience company providing geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG was founded in 1931 and is based in Massy, France.

DEAL STATS #
Overall 1 of 7
Sector (Engineering) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 2
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-27 Metrolog SA

Labège,, France

Metrolog SA, a provider of high pressure, high temperature gauges and other downhole instruments to the oil and gas industry.

Buy -
Mergr

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