Seabed Geosolutions Receives LOA For Americas OBN
Fugro's Soon-To-Be-Sold Marine Seismic Acquisition Subsidiary Seabed Geosolutions Has Received A Conditional Letter Of Award…
Source: marinetechnologynews.com
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Fugro Reaches Agreement on Divestment of Seabed Geosolutions
April 6, 2021 Fugro has reached a binding agreement with PXGEO Seismic Services Limited (PXGEO) to sell certain assets and the related business of its non-core subsidiary Seabed Geosolutions for US$16 million in cash. The transaction is expected to be completed mid-2021. The divestment includes Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology and order backlog. In addition, a significant number of personnel responsible for delivering the Seabed Geosolutions’ business will transition to PXGEO; the exact number will depend on a further analysis of the needs...
Source: hydro-international.com