According to an article published in Furgo, Fugro has reached a binding agreement with PXGEO Seismic Services Limited (PXGEO) to sell certain assets and the related business of its non-core subsidiary Seabed Geosolutions for USD 16 million (approximately EUR 14 million) in cash and the transaction is expected to be completed mid-2021.
The DivestmentThe divestment includes Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology and order backlog. In addition, a...