Sercel in Final Negotiations for Thales' Seismic Unit

Compagnie Generale de Geophysique's subsidiary, Sercel, is in the final stage of negotiations with Thales Underwater Systems in view of the acquisition of the seismic equipment business of its Australian subsidiary.

The acquired product line ranges from seabed to surface marine seismic equipment and brings a useful complement to Sercel's offer.

The transaction should close before year-end.