M&A Deal Summary

PXGEO Seismic Services Acquires Seabed Geosolutions

On March 30, 2021, PXGEO Seismic Services acquired information technology company Seabed Geosolutions from Fugro for 16M USD

Acquisition Highlights
  • This is PXGEO Seismic Services’ 1st transaction in the Information Technology sector.
  • This is PXGEO Seismic Services’ largest (disclosed) transaction.
  • This is PXGEO Seismic Services’ 1st transaction in the Netherlands.

M&A Deal Summary
Date 2021-03-30
Target Seabed Geosolutions
Sector Information Technology
Buyer(s) PXGEO Seismic Services
Sellers(s) Fugro
Deal Type Divestiture
Deal Value 16M USD

Target

Seabed Geosolutions

Leidschendam, Netherlands
website
Seabed Geosolutions provides comprehensive ocean bottom seismic (OBS) solutions to the global oil and gas industry. Seabed Geosolutions is based in Leidschendam, Netherlands.

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Buyer(S) 1

Buyer

PXGEO Seismic Services

United States

website

Category Company
Sector Information Technology
DESCRIPTION

PXGEO Seismic Services is a marine geophysical service provider combining the strengths of ocean bottom and towed streamer seismic data acquisition techniques to deliver seamless subsurface imaging for a sustainable future. PXGEO Seismic Services

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Fugro

Leidschendam, Netherlands

website

Category Company
Founded 1962
Sector Engineering
Employees8,696
Revenue 1.8B EUR (2022)
DESCRIPTION

Fugro is a provider of geotechnical, survey, subsea and geosciences services. The company services are specifically designed to support your engineering design and large structure. Fugro was founded in 1962 and is headquartered in Leidschendam, the Netherlands.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Divestiture) 3 of 3
Country (Netherlands) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Geofor Group SA

South Africa

Geofor Group SA is an onshore/ nearshore geotechnical company which delivers drilling services and has highly specialised engineers and geologists in the fields of geotechnical consulting, hydrology, and land survey.

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