M&A Deal Summary

Magseis ASA Acquires Magseis Fairfield

On October 30, 2018, Magseis ASA acquired energy services and equipment company Magseis Fairfield from Fairfield Geotechnologies for 233M USD

Acquisition Highlights
  • This is Magseis ASA’s 1st transaction in the Energy Services and Equipment sector.
  • This is Magseis ASA’s largest (disclosed) transaction.
  • This is Magseis ASA’s 1st transaction in the United States.
  • This is Magseis ASA’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-10-30
Target Magseis Fairfield
Sector Energy Services and Equipment
Buyer(s) Magseis ASA
Sellers(s) Fairfield Geotechnologies
Deal Type Divestiture
Deal Value 233M USD

Target

Magseis Fairfield

Houston, Texas, United States
Magseis Fairfield is a provider of marine seismic solutions, including Ocean Bottom Seismic. The Business has performed 45 OBN surveys globally since 2005 and owns an extensive portfolio of intellectual property for both OBS, land and permanent reservoir monitoring solutions.

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Buyer(S) 1

Buyer

Magseis ASA

Lysaker, Norway
Category Company
Founded 2009
Sector Energy Services and Equipment
DESCRIPTION

Magseis ASA is a Norwegian geophysical company founded in 2009 specialising in OBS - Ocean Bottom Seismic Acquisition. The management team and staff have extensive experience in geophysics and marine seismic operations. Our proprietary Marine Autonomous Seismic System - MASS, allows us to operate in water depths from 0 to 3000m. The fully automated system provides safe and efficient operations. The use of robots also makes the handling system a safe no-hands operation.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Fairfield Geotechnologies

Houston, Texas, United States
Category Company
Founded 1976
Sector Energy Services and Equipment
DESCRIPTION

Fairfield Geotechnologies is a pioneer in ocean bottom seismic nodal technology, designs and manufactures a complete range of revolutionary, true cablefree ZLand® and ZMarine® systems and offers expert marine acquisition and data processing services. In addition to our extensive multi-client database in the Gulf of Mexico Shelf and Permian Basin, the company continues to expand licensing coverage in the Lower 48 by building on its recent acquisition of the Geokinetics data library.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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