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Article: TGC Industries Announces the Acquisition of Eagle Canada.
- Article from:
- Energy Weekly News
- Article date:
- November 6, 2009
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TGC Industries, Inc. (NASDAQ:TGE) announced that it has acquired Eagle Canada, Inc. ("Eagle Canada"), a provider of seismic data and surveying services to the Canadian energy industry based in Calgary, Alberta Canada. TGC Industries purchased all of the outstanding stock of Eagle Canada for a total purchase price of $10.3 million, which was paid from existing cash. Eagle Canada generated revenues of $26.5 million in 2008. The transaction closed on October 16, 2009. Eagle Canada was a wholly-owned subsidiary of Eagle Geophysical, Inc. and Eagle Geophysical Onshore, Inc.
Eagle Canada provides seismic acquisition services to the oil and gas industry throughout ...