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TGS-NOPEC buys Parallel Data Systems


Published Apr 2, 2007
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Norwegian-American seismic survey outfit, TGS-NOPEC has penned a definitive deal to buy all the shares in Houston-based high-tech seismic imaging specialist, Parallel Data Systems Inc. it was learned Monday.

Boath boardrooms are in agreeance, and TGS-NOPEC gains the intellectual property of 21 employees, inlcuding software to process seismic data in dimensions of time and depth.

TGS-NOPEC net revenues rocketed 65 percent in 2006 to $395.9 million.




   

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