M&A Deal Summary

Xcalibur Group Acquires Compagnie Generale de Geophysique Veritas SA - Multi-Physics Business

On August 6, 2020, Xcalibur Group acquired business services company Compagnie Generale de Geophysique Veritas SA - Multi-Physics Business from Viridien

Acquisition Highlights
  • This is Xcalibur Group’s 1st transaction in the Business Services sector.
  • This is Xcalibur Group’s 1st transaction in France.

M&A Deal Summary

Date 2020-08-06
Target Compagnie Generale de Geophysique Veritas SA - Multi-Physics Business
Sector Business Services
Buyer(s) Xcalibur Group
Sellers(s) Viridien
Deal Type Divestiture

Target

Compagnie Generale de Geophysique Veritas SA - Multi-Physics Business

Paris, France
Compagnie Generale de Geophysique Veritas SA's Multi-Physics Business provides high-end land electromagnetic processing and imaging services.

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Buyer(S) 1

Buyer

Xcalibur Group

Madrid, Spain

Category Company
Sector Business Services
DESCRIPTION

Xcalibur Group is a provider of ultra-high resolution for Magnetics-Radiometrics regional and detailed airborne geophysical services. The company has operated successfully in the majority of African countries, the Middle East, and Canada. From its offices in Madrid and Pretoria with an experienced group of geophysicists, pilots, engineers, operational and administrative staff. Its unique fleet of aircraft collects data in challenging environments due to their low-level flying ability and power to weight ratios.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Viridien

Massy, France

Category Company
Founded 1931
Sector Oil/Gas Exploration
Employees3,200
Revenue 1.2B USD (2024)
DESCRIPTION

Viridien is a fully integrated Geoscience company providing geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), Viridien brings value across all aspects of natural resource exploration and exploitation. Viridien was founded in 1931 and is based in Massy, France.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Taurus Reservoir Solutions

Calgary, Alberta, Canada

Taurus Reservoir Solutions Ltd. is a consulting company providing high-technology, high quality reservoir and geomechanical simulation and engineering services. Taurus specializes in petroleum and geomechanics simulation ranging from single-well to large field-scale problems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 ION Geophysical Corp s Software Business

Houston, Texas, United States

ION Geophysical Corp's Software Business comprises Orca: a navigation system dedicated to streamers, Gator: a navigation system dedicated to OBN, Mesa: a set of tools for optimizing land and marine seismic crews and Marlin: software for managing simultaneous marine operations, used for marine seismic crews, as well as for various other offshore operations and harbors

Buy -