Compagnie Generale de Geophysique: Sercel Continues its Expansion and Acquires Two Technology Companies
04 März 2004 - 7:00AM
PR Newswire (US)
Compagnie Generale de Geophysique: Sercel Continues its Expansion
and Acquires Two Technology Companies PARIS, March 4
/PRNewswire-FirstCall/ -- Compagnie Générale de Géophysique (ISIN :
FR0000120164 - NYSE : GGY) announces today that its wholly-owned
subsidiary Sercel has acquired two French technology companies
through private transactions. In February, Sercel acquired Orca
Instrumentation. Located in Brest, France, the company develops and
markets marine instrumentation and underwaterdata transmission
systems. Orca Instrumentation employs 15 people. In addition,
Sercel has just completed the acquisition of Createch Industrie,
specialised in borehole measurement tools, borehole seismic tools
and permanent borehole sensors. The company is headquartered in the
Paris area and employs 19 people. Through these acquisitions,
Sercel is continuing its expansion while strengthening its position
in two growing areas: sea-floor seismic systems and borehole
seismic tools. The information included herein contains certain
forward-looking statements within the meaning of Section 27A of the
securities act of 1933 and section 21E of the Securities Exchange
Act of 1934. These forward-looking statements reflect numerous
assumptions and involve a number of risks and uncertainties as
disclosed by the Company from time to time in its filings with the
Securities and Exchange Commission. Actual results may vary
materially. The Compagnie Générale de Géophysique group is a global
participant in the oilfield services industry, providing a wide
range of seismic data acquisition, processing and geoscience
services and software to clients in the oil and gas exploration and
production business. It is also a global manufacturer of
geophysical equipment. Internet : http://www.cgg.com/ DATASOURCE:
COMPAGNIE GENERALE DE GEOPHYSIQUE CONTACT: Contact : Christophe
BARNINI +(33)-1-64-47-38-10 Email :
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