Search
Menu
Rocky Mountain Instruments - Custom Assemblies LB

Geospace Acquires OptoSeis

Facebook X LinkedIn Email
Geospace Technologies announced that it has acquired from PGS Americas Inc. all intellectual property and related assets of PGS’s OptoSeis fiber optic sensing technology business. Geospace intends to retain PGS’s employees and will continue operating the business in Austin, Texas.

Terms of the transaction include an initial cash payment at closing of $1.8 million and contingent cash payments of up to an additional $23.2 million over a five-and-a-half-year earn-out period. The contingent cash payments will be derived from revenues generated during the earn-out period from products and services utilizing the OptoSeis fiber optic technology.

Geospace Technologies Corp. designs and manufactures seismic instruments and equipment primarily for the oil and gas industry to locate, characterize, and monitor hydrocarbon-producing reservoirs.
Gentec Electro-Optics Inc   - Measure Your Laser MR

Published: November 2018
BusinessGeoSpace TechnologiesOptoSeisfiber opticsOpticsacquisitionsAmericaslight speed

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.