Seabed Geosolutions

N/A - Acquisition Completed

Strategic Profile

The company was acquired by PXGEO (a marine geophysical service provider) in June 2021. It was previously a subsidiary of Fugro before being divested.

Cyborg Score Rationale

Seabed Geosolutions was acquired and integrated into PXGEO in June 2021, making it a non-operating independent entity as of the current date.

Top Insights

  • Seabed Geosolutions was divested from Fugro and acquired by PXGEO (June 2021)
  • Specialized in Ocean Bottom Node (OBN) surveying technology for subsurface imaging in complex geological areas
  • Had delivered over 44,000 sq. km of OBN projects prior to acquisition
  • Assets and personnel were integrated into PXGEO following the acquisition

Recent Developments

  • (June 2021) Acquisition completed by PXGEO for $16 million, including OBN inventory, technology, IP, and personnel

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