Thales and Fugro have finalised an agreement concerning the sale of Thales GeoSolutions. Under the agreement,
Fugro has acquired Thales Geosolutions for 147.5M€, payable in cash. This operation is fully in line with Thales?
objective of refocusing its Information Technology and Services business area.
Thales GeoSolutions is a global provider of integrated survey services providing a full range of offshore solutions.
Operating mainly in the oil and gas arena, Thales GeoSolutions provides these services directly to the major oil companies
and state agencies as well as indirectly via specialist construction and drilling contractors.
"By divesting this business, Thales has completed...