CGG
paris : CGG

September 03, 2013 01:35 ET

CGG Announces Closing of Airborne Activities Acquisition

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 activities. Certain administrative actions are still to be completed, but these do not impact business continuity and are expected to be finalized shortly.

The Airborne acquisition concretizes the final stage in CGG's successful acquisition and integration of Fugro Geoscience. As a result of this transaction, CGG has significantly enhanced its integrated geoscience offering and expanded into new markets such as marine gravity, electromagnetics, data management services and geological expertise as well as airborne geophysics.

Jean-Georges Malcor, CEO, CGG, said: "The Airborne group is a valuable addition to CGG and I would like to warmly welcome our new colleagues into the company. Our geoscience footprint now includes the skies as well as the oceans and land. This strength in depth and in breadth gives us a unique set of resources to help our clients meet today's complex challenges."

About CGG

CGG (www.cgg.com) is a fully integrated Geoscience company providing leading 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 natural 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 customers.

CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).

CGG - Closing of Airborne Activities Acquisition: http://hugin.info/142000/R/1726754/576271.pdf

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Source: CGG via Thomson Reuters ONE

[HUG#1726754]

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