• Home
  • Journal
  • Public Companies
  • Topicus.com and CGG complete sale and transfer of GeoSoftware Business to Topicus.com and Vela Software
Topicus.com and CGG complete sale and transfer of GeoSoftware Business to Topicus.com and Vela Software

Topicus.com and CGG complete sale and transfer of GeoSoftware Business to Topicus.com and Vela Software

Written by Customer Service on . Posted in Public Companies.

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) — Topicus.com Inc. (“Topicus”) (TSXV: TOI) today announced that Topicus and CGG S.A. (“CGG”) have completed the sale and transfer of the GeoSoftware Business to Topicus and Vela Software for a total cash consideration of US$95 million (subject to certain customary closing adjustments).

About Vela Software

Vela is a global provider of software solutions to a number of vertical industries with broad and deep market knowledge in the Energy and Resources software. As an operating group of Constellation Software Inc., Vela acquires, manages, and builds industry specific software businesses which provide specialized, mission-critical software solutions. Vela’s goal is for its companies to become leaders in their respective verticals by investing in their operations, growing through organic initiatives, and by seeking acquisitions that can strengthen their market position.

About Topicus.com

Topicus.com Inc. is a leading pan-European provider of vertical market software and vertical market platforms to clients in public and private sector markets. Operating and investing in countries and markets across Europe with long-term growth potential, Topicus.com Inc. acquires, builds and manages leading software companies providing specialized, mission-critical and high-impact software solutions that address the particular needs of customers.
For further information, contact:
Topicus.com Inc.
Jamal Baksh, Chief Financial Officer
Tel: (416) 861-9677

About CGG

CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the Euronext Paris SA (ISIN: 0013181864).

For further information, contact:
Group Communications & Investor Relations
Christophe Barnini
Tel: + 33 1 64 47 38 11
E-Mail: christophe.barnini@cgg.com

   

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.