M&A Deal Summary

NEOS GeoSolutions Acquires ION Geophysical - Land Processing Business

On August 17, 2015, NEOS GeoSolutions acquired information technology company ION Geophysical - Land Processing Business from ION

Acquisition Highlights
  • This is NEOS GeoSolutions’ 1st transaction in the Information Technology sector.
  • This is NEOS GeoSolutions’ 1st transaction in the United States.

M&A Deal Summary

Date 2015-08-17
Target ION Geophysical - Land Processing Business
Sector Information Technology
Buyer(s) NEOS GeoSolutions
Sellers(s) ION
Deal Type Divestiture

Target

ION Geophysical - Land Processing Business

United States
ION Geophysical - Land Processing Business is a provider of land seismic data processing services.

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Buyer(S) 1

Buyer

NEOS GeoSolutions

Houston, Texas, United States

Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

NEOS GeoSolutions is a service provider of proprietary technology to identifying natural resource deposits (mainly hydrocarbons). NEOS GeoSolutions was founded in 2002 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

ION

Houston, Texas, United States

Category Company
Founded 1968
Sector Energy Services and Equipment
Employees360
Revenue 123M USD (2020)
DESCRIPTION

ION is a provider of technology-driven energy equipment solutions to the global oil & gas industry. ION was founded in 1968 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United States M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-29 OceanGeo BV

Ramos, Brazil

OceanGeo BV specializes in multicomponent ocean bottom seismic acquisition.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 Global Dynamics

Ontario, Canada

Global Dynamics, Inc. is a designer and developer of marine towing systems and equipment.

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