PARIS, FRANCE--(Marketwired - Sep 3, 2013) - CGG announced today that the main
administrative authorizations have now been
received allowing CGG to close its acquisition of Fugro's Airborne
Certain administrative actions are still to be completed, but these
impact business continuity and are expected to be finalized shortly.
The Airborne acquisition concretizes the final stage in CGG's
acquisition and integration of Fugro Geoscience. As a result of
transaction, CGG has significantly enhanced its integrated geoscience
and expanded into new markets such as marine gravity, electromagnetics,
management services and geological expertise as well as airborne
Jean-Georges Malcor, CEO, CGG, said: "The Airborne group is a valuable
to CGG and I would like to warmly welcome our new colleagues into the
Our geoscience footprint now includes the skies as well as the oceans and
This strength in depth and in breadth gives us a unique set of resources to
our clients meet today's complex challenges."
CGG (www.cgg.com) 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), CGG brings value across all aspects of
resource exploration and exploitation.
CGG employs over 9,800 people around the world, all with a Passion for
Geoscience and working together to deliver the best solutions to its
CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York
Exchange (in the form of American Depositary Shares. NYSE: CGG).
CGG - Closing of Airborne Activities Acquisition:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CGG via Thomson Reuters ONE