M&A Deal Summary

TGS Acquires Arcis Seismic Solutions

On June 15, 2012, TGS acquired information services company Arcis Seismic Solutions for 72M USD

Acquisition Highlights
  • This is TGS’s 1st transaction in the Information Services sector.
  • This is TGS’s largest (disclosed) transaction.
  • This is TGS’s 1st transaction in Canada.
  • This is TGS’s 1st transaction in Alberta.

M&A Deal Summary
Date 2012-06-15
Target Arcis Seismic Solutions
Sector Information Services
Buyer(s) TGS
Deal Type Add-on Acquisition
Deal Value 72M USD
Advisor(s) Peters & Co. Ltd. (Financial)

Target

Arcis Seismic Solutions

Calgary, Alberta, Canada
rcis is a privately owned geophysical company founded in 1996 with a head office located in Calgary, Alberta Canada and a strong regional business development presence in Latin America (Colombia) and the Middle East/North Africa (Cyprus).

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Buyer(S) 1

Buyer

TGS

Oslo, Norway
Category Company
Founded 1981
Sector Oil/Gas Exploration
Employees873
Revenue 794M USD (2023)
DESCRIPTION

TGS provides a multi-client geoscience data and services to oil and gas exploration and production companies around the globe. TGS was founded in 1981 and is based in Oslo, Norway.

DEAL STATS #
Overall 2 of 5
Sector (Information Services) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 Stingray Geophysical

Guildford, United Kingdom

Stingray Geophysical is a fibre-optic based, permanent reservoir monitoring solutions company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Spectrum ASA

Oslo, Norway

Spectrum ASA is a provider of innovative Multi-Client seismic surveys and high- quality seismic imaging services to the global oil and gas industry from offices in Norway, UK, USA, Brazil, Egypt, Australia, Indonesia, and Singapore. Spectrum designs acquire and process seismic data to deliver high-quality solutions through its dedicated and experienced workforce.

Buy -
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