Acquisition of CGG S.A.’s (FR) marine seismic acquisition services by Shearwater GeoServices Holding AS (NO) and creation of a new streamer technology company — Amount not disclosed

Shearwater has signed a binding term-sheet with CGG for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company. Carnegie acts as adviser to Shearwater in the transaction. Shearwater is a global, customer-focused and technology-driven provider of marine geophysical services. CGG is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. January 2020.