Sercel Acquires Geocomp, a Leading US Provider of Infrastructure Monitoring
CGG announced the acquisition of Geocomp Corporation, enhancing its Sercel division's capabilities in geotechnical risk management and infrastructure monitoring. Founded over 40 years ago, Geocomp has a strong reputation in the U.S. market, employing 120 professionals. This strategic move aims to accelerate Sercel's S-lynks and S-scan solutions deployment, tapping into the growing infrastructure sector. Both companies' complementary technologies are expected to address significant infrastructure challenges, boosting CGG's position in the fast-evolving market.
- Acquisition of Geocomp expands Sercel's market presence in the U.S. infrastructure sector.
- Access to Geocomp's established reputation and expertise in geotechnical monitoring.
- Enhances Sercel's technology portfolio with complementary solutions for infrastructure monitoring.
- Expected to accelerate deployment of S-lynks and S-scan solutions.
- None.
Paris, France – Mai 19, 2022
CGG announced today that Sercel, its Sensing & Monitoring division, has acquired Geocomp Corporation, specialized in high-value services and products for geotechnical risk management and infrastructure monitoring. With CGG continuing to accelerate its development of a portfolio of unique technologies focused on rapidly growing Beyond the Core markets, this acquisition gives Sercel access to the US infrastructure market and will accelerate deployment of its S-lynks and S-scan infrastructure monitoring solutions.
Since its creation over 40 years ago by Dr. Allen Marr, who will continue as CEO, Geocomp has built a strong reputation for offering a complementary range of geotechnical monitoring, consulting and testing expertise and technology along with delivering effective solutions to address major safety issues on aging and risky infrastructures as well as more modern renewable energy construction projects. Geocomp is headquartered in Acton, MA and present in major US cities. It employs 120 engineers, technicians and support staff.
Dr. W. Allen Marr, Geocomp founder and CEO, said: “Becoming part of Sercel is a new and exciting chapter for Geocomp. This strengthens our ability to grow by providing more services to a broader base of clients. Sercel has the right approach to building business through collaboration and partnering with clients. Its industrial expertise and technological know-how represent a tremendous opportunity for Geocomp to expand its offering of products and monitoring solutions for the global infrastructure market."
Emmanuelle Dubu, Sercel CEO, said: “We are delighted to have Geocomp on board. This acquisition is a major step in our strategy to become a significant global player in the fast-growing infrastructure monitoring industry. We strongly believe that the complementary technologies and skills of Geocomp and Sercel will provide cutting-edge solutions to address the numerous infrastructure challenges in the US and international market.”
About CGG
CGG (www.cgg.com) is a global technology and HPC leader that provides data, products, services and solutions in Earth science, data science, sensing and monitoring. Our unique portfolio supports our clients in efficiently and responsibly solving complex digital, energy transition, natural resource, environmental, and infrastructure challenges for a more sustainable future. CGG employs around 3,300 people worldwide and is listed on the Euronext Paris SA (ISIN: 0013181864).
Contacts
| Group Communications & Investor Relations Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com |
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