Sercel expands (December 2003)

CGG unit Sercel is to acquire Thales Underwater Systems’ seismic equipment business. CGG has also taken a controlling stake in Hebei Junfeng.

CGGs manufacturing unit Sercel is in final negotiations with Thales Underwater Systems (TUS) for the acquisition of the seismic equipment business of its Australian subsidiary. The acquired product line ranges from seabed to surface marine seismic equipment. Contrary to our report last month on Fugros acquisition of Thales GoeSolutions, the ARMSS seabed recorder belongs to the underwater systems unit and will be acquired by Sercel.

Hebei Junfeng

In a separate deal, Sercel has taken a controlling interest in  Chinese seismic equipment manufacturer Hebei Junfeng Geophysical Co. Sercel acquired a 51% majority ownership in the company last month.

2 million phones

Hebei Junfeng was originally created by BGP, the largest Chinese geophysical services contractor. BGP will remain a shareholder alongside company management, employees and XPEIC, another Chinese equipment manufacturer. Hebei Junfen is the main provider of geophones and seismic cables for the Chinese seismic market. Junfeng employs around 500 people and manufactures nearly 2 million geophones per year.

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