CGG : Sercel Acquires Vibtech
2006年9月28日 - 3:00PM
PRニュース・ワイアー (英語)
PARIS, September 28 /PRNewswire-FirstCall/ -- Sercel, a subsidiary
of Compagnie Generale de Geophysique (GGY) (NYSE:GGY) announces
today that it has acquired all the outstanding shares in Vibration
Technologies Limited "Vibtech" in a private transaction, for a cash
consideration. Based in Scotland, Vibtech, founded in 1996, has
pioneered the use of advanced wireless technologies for seismic
recording. This technology has now reached a new stage with the
recent release of the Unite system, and field trials of this new
generation equipment have attracted interest from both oil
companies and seismic contractors. The Unite system developed by
Vibtech is a unique versatile product capable of recording and
transmitting data in a stand alone or real time mode, enabling
quality control while recording and capable of handling thousands
of channels. Use of new transmission technologies also reduces
limitations inherent to radio frequencies. It is expected that the
combination of Sercel expertise in seismic recording and new skills
arising from Vibtech's development group will help expand the
capabilities of the Sercel portfolio of products and integrate
advanced wireless technology with its latest generation products.
Vibtech will remain as a separate legal entity and pursue the sale
of the Unite system under its name, but will progressively combine
its strengths, particularly its 25 employees with those of Sercel
in all areas including R&D, marketing and manufacturing. The
Securities will not be registered under the Securities Act and may
not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements of the
Securities Act. 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 U.S. Securities
Exchange Act of 1934. These forward-looking statements reflect
numerous assumptions and involve a number of risks and
uncertainties as disclosed by CGG from time to time in its filings
with the Securities and Exchange Commission. Actual results may
vary materially from those disclosed in forward-looking statements.
Contact : Christophe Barnini +33-1-64-47-38-10/38-11 Email :
Internet : http://www.cgg.com/ DATASOURCE: Compagnie Generale de
Geophysique (CGG) CONTACT: Contact : Christophe Barnini
+33-1-64-47-38-10/38-11, Email : , Internet : http://www.cgg.com/
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