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Press Release

CGG Announces the Closing of GeoSoftware Business Sale for a Total Cash Consideration of US$95 million

Publish Location
Paris, France
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CGG S.A. (“CGG”) is pleased to announce today the completion of the previously announced sale of CGG’s GeoSoftware business to Topicus.com Inc. ("Topicus") and Vela Software (“Vela”) for the total cash consideration of US$95 million (subject to certain customary closing adjustments).

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    About CGG

    CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

    Trading and Financial Strategy Update

    Publish Location
    Paris, France
    Body

    In a market that remains difficult, multi-client sales are estimated at circa $135 million in the fourth quarter of 2016, with a level of prefunding in line with target (a prefunding rate above 80% on an annual basis) but an after-sales volume below our expectations.

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      Group Communications & Investor Relations Contacts

      About CGG

      CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

      CGG, PGS and TGS Announce Strategic Partnership for shared Multi-Client Data Offerings

      Publish Location
      Paris, France
      Body

      CGG, PGS and TGS, industry leaders of multi-client geoscience data, today announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface multi-client data libraries. 

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        Group Communication & Investor Relations, CGG

        About CGG

        CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).