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Sercel selected for acquisition of ION software business

Monday, July 4, 2022

Sercel, Sensing & Monitoring division of CGG, was selected as the successful bidder for the acquisition of ION Geophysical Corporation.

Paris, France - July 4, 2022

CGG announced today that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation's ('ION') software business.
Sercel intends to keep all employees associated with this business.
The acquisition is in connection with ION's recently announced U.S. chapter 11 bankruptcy process.
The closing of the transaction is subject to approval by the bankruptcy court and other customary conditions, including regulatory approvals. The acquisition is expected to close in the third or fourth quarter of 2022.


Associated Companies
» CGG
» Sercel
» ION

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