TGS - M&A Summary and Business Overview

Oil/gas ExplorationCompany

TGS M&A Summary

TGS has acquired 6 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms.

TGS’s largest acquisition to date was in 2022, when it acquired PGS ASA for $150M. TGS has acquired in 1 US state, and 4 countries. The Company’s most targeted sectors include information services (34%) and digital media (17%).

TGS Business Overview

Where is TGS headquartered?

TGS is headquartered in Oslo, Norway.

What is TGS’s revenue?

TGS disclosed revenue of 794M USD for 2023 and 717M USD for 2022.

How many employees does TGS have?

TGS has 873 employees.

What sector is TGS in?

TGS is an oil/gas exploration company.

When was TGS founded?

TGS was founded in 1981.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

TGS

TGS ASA

Askekroken 11,
Oslo, 0277
Norway,
+47 22 55 04 00
www.tgs.com

TGS provides a multi-client geoscience data and services to oil and gas exploration and production companies around the globe. TGS was founded in 1981 and is based in Oslo, Norway.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 - 1 1 - - 6
vol $72M $150M $222M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
PGS ASA 2022-11-01 150M USD Add-on Acquisition
Oslo, Norway · www.pgs.com
4C Offshore Ltd. 2021-05-12 - Add-on Acquisition
Lowestoft, United Kingdom · www.4coffshore.com
Lasser, Inc. 2019-09-05 - Add-on Acquisition
Fort Worth, Texas · www.lasser.com
Spectrum ASA 2019-05-02 - Add-on Acquisition
Oslo, Norway · www.spectrumgeo.com
Arcis Seismic Solutions Corp. 2012-06-15 72M USD Add-on Acquisition
Calgary, Alberta · www.arcis.com
Stingray Geophysical Ltd 2011-04-15 - Add-on Acquisition
Guildford, United Kingdom · www.stingraygeo.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Services 2 (33%) 72M (32%) - -
Digital Media 1 (17%) - - -
Energy Services and Equipment 1 (17%) - - -
Information Technology 1 (17%) 150M (68%) - -
Test/Measurement Equipment 1 (17%) - - -
Total 6 $222M - -

By Geo

State/Country Buy Value Sell Value
Norway 2 150M - -
United Kingdom 2 - - -
Canada 1 72M - -
  Alberta 1 72M - -
United States 1 - - -
  Texas 1 - - -
Domestic 2 (33%) 150M (68%) - -
Cross-border 4 (67%) 72M (32%) - -
Total 6 $222M - -

Top M&A Advisors

Financial Deals
Carnegie Investment Bank
 1
Legal Deals
Advokatfirmaet Schjødt
 1

Deal Values

buy # Total
$100M to $1B 1 $150M
< $100M 1 $72M
TOTAL $222M
Largest PGS ASA
$150M (2022-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

794   11% 2023
717   39% 2022
519   63% 2021
319   46% 2020
586   5% 2019
614   25% 2018
492   2017
(millions of USD) Show More Show Less

Employees

873

Established

1981

Public

TGS

Former Name

TGS-NOPEC Geophysical Company ASA

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