You are Home   »   News   »   View Article

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
comments powered by Disqus

CREATE A FREE MEMBERSHIP

To attend our free events, receive our newsletter, and receive the free colour Digital Energy Journal.

DIGITAL ENERGY JOURNAL

Latest Edition Jul-Aug 2022
Aug 2022

Download latest and back issues

COMPANIES SUPPORTING ONE OR MORE DIGITAL ENERGY JOURNAL EVENTS INCLUDE

Learn more about supporting Digital Energy Journal