CGG Sells its GeoSoftware Business to Topicus.com & Vela Software

Source: www.gulfoilandgas.com 7/30/2021, Location: Europe

CGG S.A. (“CGG”) and Topicus.com Inc. (“Topicus”) (TOI) announced that CGG has entered into an agreement with Topicus and Vela Software (“Vela”), for the sale of CGG’s GeoSoftware business (“GeoSoftware”). The closing of this transaction remains subject to mutually agreed closing conditions.

“Being a perpetual owner of businesses, Topicus and Vela look forward to maintaining the standard of excellence that CGG has instilled in the Company’s solutions," said Gabor Czegledy, CEO of Vela’s Energy Portfolio and Han Knooren, Group CEO of the TSS operating group within Topicus. "We are excited to welcome GeoSoftware and its employees, for the long term, into our portfolio. The GeoSoftware business will be owned jointly by Topicus and Vela, with Topicus owning 60% and Vela 40%”.

Sophie Zurquiyah, CEO, CGG, said: “GeoSoftware has a leading position in its market niche. We believe that Topicus and Vela, being software focused companies with a permanent hold philosophy, will be a great home for the business and its employees. We expect that together they will further invest and develop the GeoSoftware product suite, allowing the Company to grow its offerings and continue its success”.


United States >>  9/20/2021 - The JF Petroleum Group, a MidOcean Partners portfolio company and the premier provider of fueling system solutions in North America, announced that it...
United States >>  9/16/2021 - Pearce Renewables, a leader in engineering, operations, and maintenance for renewable energy infrastructure, announced the acquisition of Mountain Ren...

Denmark >>  9/15/2021 - Maersk (Maersk) announces the acquisition of HUUB, a Portuguese cloud-based logistics start-up, specialised in technology solutions for B2C warehousin...
United States >>  9/15/2021 - Inspire, a technology enabled clean energy company, announced that it has officially completed its acquisition agreement with Shell New Energies US LL...

United States >>  9/15/2021 - - Fosler Construction is a leading U.S. provider of construction services for the solar energy sector
- Strategic acquisit...

United States >>  9/15/2021 - Archaea Energy Inc., formerly known as Rice Acquisition Corp. (“RAC”), announced that it has completed its previously announced business combination w...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.