Viridien - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Viridien M&A Summary

Viridien 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.

Viridien’s largest acquisition to date was in 2007, when it acquired Veritas DGC for $3.1B. Viridien 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%).

Viridien Business Overview

Where is Viridien headquartered?

Viridien is headquartered in Massy, France.

What is Viridien’s revenue?

Viridien disclosed revenue of 1,076M USD for 2023 and 927M USD for 2022.

How many employees does Viridien have?

Viridien has 3,500 employees.

What sector is Viridien in?

Viridien is an oil/gas exploration company.

When was Viridien founded?

Viridien 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

Viridien

Viridien SA

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

Viridien 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), Viridien brings value across all aspects of natural resource exploration and exploitation. Viridien 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%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

1,076   17% 2023
927   13% 2022
1,063   20% 2021
887   35% 2020
1,357   15% 2019
1,182   11% 2018
1,320   11% 2017
1,195   44% 2016
2,101   33% 2015
3,097   18% 2014
3,768   11% 2013
3,414   2012
(millions of USD) Show More Show Less

Employees

3,500

Established

1931

Public

Euronext: VIRI

Former Name

CGG SA (Compagnie Générale de Géophysique Veritas SA)

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