M&A Activity • Dec 15, 2008
M&A Activity
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CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that its subsidiary Sercel has entered into a private transaction to purchase all existing shares in Quest Geo Solutions Limited ("Quest"), a UK-based software company, for a cash consideration.
The acquisition continues to broaden Sercel's product offering and comes as a logical extension to the existing partnership between the two companies, whereby Sercel distributes Quest navigation software such as Triggerfish and Geometis. It also provides Sercel with increased development and support resources for its navigation software division and its newly released SeaPro Nav product.
CGGVeritas (www.cggveritas.com) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry. CGGVeritas is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).
Investor Relations Contacts Paris: Houston: Christophe Barnini Hovey Cox Tel: +33 1 64 47 38 10 Tel: +1 (832) 351-8821
E-Mail: [email protected] E-Mail: [email protected]
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