Topicus.com and CGG complete sale and transfer of GeoSoftware Business to Topicus.com and Vela Software
October 01 2021 - 4:07PM
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 OfficerTel: (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 RelationsChristophe BarniniTel: + 33 1 64 47 38 11E-Mail:
christophe.barnini@cgg.com
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