TGS set to complete Spectrum acquisition

TGS set to complete Spectrum acquisition

Norwegian seismic specialist TGS-NOPEC Geophysical is set to complete the acquisition of Spectrum, a deal announced in May.

All the conditions for the deal have now been fulfilled, and the transaction has been declared unconditional. Spectrum shareholders will receive 0.28 ordinary TGS shares for each Spectrum share, in addition to a cash consideration of NOK 0.655 per share.

Completion is scheduled for August 15.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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