M&A Deal Summary

TGS Acquires PGS

On November 1, 2022, TGS acquired information technology company PGS for 150M USD

Acquisition Highlights
  • This is TGS’s 1st transaction in the Information Technology sector.
  • This is TGS’s largest (disclosed) transaction.
  • This is TGS’s 2nd transaction in Norway.

M&A Deal Summary

Date 2022-11-01
Target PGS
Sector Information Technology
Buyer(s) TGS
Deal Type Add-on Acquisition
Deal Value 150M USD
Advisor(s) BAHR (Legal)

Target

PGS

Oslo, Norway
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.

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Buyer(S) 1

Buyer

TGS

Oslo, Norway

Category Company
Founded 1981
Sector Oil/Gas Exploration
Employees1,841
Revenue 1.3B USD (2024)
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 6 of 6
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Norway M&A 2 of 2
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 4C Offshore

Lowestoft, United Kingdom

4C Offshore is a market intelligence and consultancy firm, providing research and insights to the offshore wind industry. 4C Offshore offers a broad suite of data, analytics, and services for the offshore wind industry. With its digital platform, the company provides developers, operators, asset managers, equipment providers, and construction companies with key data and insights for the development and operations of offshore wind farms. 4C Offshore was formed in 2009 and is absed in Lowestoft, United Kingdom.

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