CGG S.A. and Topicus.com Inc. introduced that CGG has entered into an settlement with Topicus and Vela Software program, for the sale of CGG’s GeoSoftware enterprise. The closing of this transaction stays topic to mutually agreed closing circumstances.
“Being a perpetual proprietor of companies, Topicus and Vela look ahead to sustaining the usual of excellence that CGG has instilled within the Firm’s options,” mentioned Gabor Czegledy, CEO of Vela’s Vitality Portfolio and Han Knooren, Group CEO of the TSS working group inside Topicus. “We’re excited to welcome GeoSoftware and its staff, for the long run, into our portfolio. The GeoSoftware enterprise shall be owned collectively by Topicus and Vela, with Topicus proudly owning 60% and Vela 40%”.
Sophie Zurquiyah, CEO, CGG, mentioned: “GeoSoftware has a number one place in its market area of interest. We imagine that Topicus and Vela, being software program targeted corporations with a everlasting maintain philosophy, shall be a fantastic dwelling for the enterprise and its staff. We count on that collectively they are going to additional make investments and develop the GeoSoftware product suite, permitting the Firm to develop its choices and proceed its success”.