PGS - M&A Summary and Business Overview

Information TechnologyCompany

PGS M&A Summary

PGS has acquired 2 companies. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

PGS’s largest acquisition to date was in 2007, when it acquired MTEM for $275M. It’s largest disclosed sale occurred in 2018, when it sold Petroleum Geo-Services ASA - OptoSeis Fiber Optic Business to Geospace Technologies for $25M. The Company’s most targeted sectors include energy services and equipment (100%).

PGS Business Overview

Where is PGS headquartered?

PGS is headquartered in Oslo, Norway.

What is PGS’s revenue?

PGS disclosed revenue of 698M USD for 2021 and 473M USD for 2020.

How many employees does PGS have?

PGS has 839 employees.

What sector is PGS in?

PGS is an information technology company.

When was PGS founded?

PGS was founded in 1991.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

PGS

PGS ASA

Lilleakerveien 4C,
Oslo, 0283
Norway,
+47 67 52 64 00
www.pgs.com

PGS is a geophysical company providing a broad range of seismic and electromagnetic services, data acquisition, processing, reservoir analysis/interpretation and multi-client library data. PGS was founded in 1991 and is based in Oslo, Norway.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $275M $275M
Sell (0.0/yr) # 1 - - - - - 1
vol $25M $25M
  2

Most Recent M&A

Company Date Value Type
Petroleum Geo-Services ASA - OptoSeis Fiber Optic Business 2018-11-13 25M USD Divestiture
Austin, Texas
MTEM Ltd. 2007-06-20 275M USD Add-on Acquisition
Edinburgh, United Kingdom · www.­mtem.­com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (100%) 275M (100%) - -
Information Technology - - 1 (100%) 25M (100%)
Total 1 $275M 1 $25M

By Geo

State/Country Buy Value Sell Value
United Kingdom 1 275M - -
United States - - 1 25M
  Texas - - 1 25M
Domestic - - - -
Cross-border 1 (100%) 275M (100%) 1 (100%) 25M (100%)
Total 1 $275M 1 $25M

Deal Values

buy # Total
$100M to $1B 1 $275M
TOTAL $275M
Largest MTEM Ltd.
$275M (2007-06-20)
sell # Total
< $100M 1 $25M
TOTAL $25M
Largest Petroleum Geo-Services ASA - OptoSeis Fiber Optic Business
$25M (2018-11-13)

M&A Connections

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

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