Norwegian offshore shipowner Magseis is acquiring the seismic business of Houston operator Fairfield Geotechnologies.
The deal is based on an enterprise value of $233m, it said.
It includes data acquisition, nodal and system sale and rental activities and all shares in Fairfield's wholly owned UK subsidiary WGP Group.
Magseis will use cash, shares, warrants and an earn-out payment to fund the takeover.
