CGG - M&A Summary and Business Overview

Oil/gas ExplorationCompany

CGG M&A Summary

CGG has acquired 7 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

CGG’s largest acquisition to date was in 2007, when it acquired Veritas DGC for $3.1B. CGG has acquired in 2 different US states, and 5 countries. The Company’s most targeted sectors include energy services and equipment (43%) and engineering (29%).

CGG Business Overview

Where is CGG headquartered?

CGG is headquartered in Massy, France.

What is CGG’s revenue?

CGG disclosed revenue of 927M USD for 2022 and 1,063M USD for 2021.

How many employees does CGG have?

CGG has 3,700 employees.

What sector is CGG in?

CGG is an oil/gas exploration company.

When was CGG founded?

CGG was founded in 1931.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4

CGG

CGG SA

27 Avenue Carnot,
Massy, 91300
France,
+33 1 64 47 30 00
www.cgg.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 - - 1 - - 7
vol $4.5B $4.5B
Sell (0.2/yr) # - 1 - - - - 1
  8

Most Recent M&A

Company Date Value Type
ION Geophysical Corp. - Software Business 2022-09-12 - Divestiture
Houston, Texas
Compagnie Generale de Geophysique Veritas SA - Multi-Physics Business 2020-08-06 - Divestiture
Paris, France
Taurus Reservoir Solutions Ltd. 2015-04-22 - Add-on Acquisition
Calgary, Alberta · www.taurusrs.com
TerraSpark GeoScience LLC 2014-02-01 - Add-on Acquisition
Westminster, Colorado · www.terraspark.com
Fugro - Geoscience Division 2012-09-24 1.4B EUR Divestiture
, Netherlands · www.fugro.com/divisions/geoscience
Wavefield Inseis AS 2008-11-10 - Add-on Acquisition
Lysaker, Norway
Metrolog SA 2008-05-27 - Add-on Acquisition
Labège,, France · www.metrolog.com
Veritas DGC Inc. 2007-01-12 3.1B USD Add-on Acquisition
Houston,, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 3 (43%) 1.4B (30%) - -
Engineering 2 (29%) 3.1B (70%) - -
Software 2 (29%) - - -
Business Services - - 1 (100%) -
Total 7 $4.5B 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 3.1B - -
  Texas 2 3.1B - -
  Colorado 1 - - -
France 1 - 1 -
Canada 1 - - -
  Alberta 1 - - -
Netherlands 1 1.4B - -
Norway 1 - - -
Domestic 1 (14%) - 1 (100%) -
Cross-border 6 (86%) 4.5B (100%) - -
Total 7 $4.5B 1 -

Deal Values

buy # Total
> $1B 2 $4.5B
TOTAL $4.5B
Largest Veritas DGC Inc.
$3.1B (2007-01-12)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Strategic(s)
29%
2 (29%)
Divested to
Strategic(s)
100%
1 (100%)

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