Magseis announces completion of agreement to acquire Fairfield Geotechnologies’ Seismic Technologies business

Fairfield Geotechnologies has successfully completed the sale of its Seismic Technologies business—including its data acquisition and nodal system sales and rental activities—to Magseis ASA, which has named the new business Magseis Fairfield.

Fairfield Geotechnologies retains the data licensing and processing enterprises for which it has earned a solid global reputation, particularly in the nodal seismic industry. The newly streamlined corporation also negotiated preferred-supplier access to Magseis Fairfield equipment and services for five years.

You can read more about this transaction here.