PXGEO to Acquire Seabed Geosolutions

PXGEO has entered into a binding agreement with Fugro to acquire certain assets and the related business of Seabed Geosolutions. The transaction is expected to complete mid-2021.

The acquisition includes Seabed’s node inventory, handling equipment, related technology and ocean bottom node backlog. In addition, a significant number of personnel responsible for delivering the Seabed Geosolutions’ business will transition to PXGEO.

Peter Zickerman, Founder, Director & Strategic Advisor PXGEO: ‘We are excited to take Seabed Geosolutions into a new era and build on its world class OBN operational expertise and innovative technology solutions. Leveraging the combined strengths of OBN and towed streamer seismic data acquisition techniques we will deliver seamless subsurface imaging solutions for a sustainable future.’

Completion of the acquisition is expected in mid-2021, subject to customary closing conditions.

PXGEO is an innovative marine geophysical service provider combining the strengths of ocean bottom and towed streamer seismic data acquisition techniques to deliver seamless subsurface imaging for a sustainable future.