CGG's Sercel Acquires Sodera

CGG reports that Sercel has acquired in a private transaction all the shares in Sodera S.A., a company based in Toulon, France. Sercel has acquired simultaneously most assets of Seismic Systems Inc, SODERA's sister company located in Houston, Texas.

SODERA is a leading provider of airgun sources used mainly in seismic data acquisition. In 2002, SODERA and Seismic Inc reported around US $4 million of revenues.

Sercel is a wholly owned subsidiary of CGG.