TGS-NOPEC Geophysical Acquiring Arcis Seismic Solutions for $70m - Deal Analysis
GS-NOPEC Geophysical Company ASA (TGS), a company providing multi-client geo-science data and services to upstream oil and gas companies, acquired Arcis Seismic Solutions Corp. (Arcis), a geophysical services company, for a purchase consideration of CAD72m ($70.11m), including an assumption of $21m ($20.45m) of net debt. In 2011, Arcis’s average annual revenue was CAD50m ($48.69m).
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