Acquisition of Fairfield’s Seismic Technologies Business and successful completion of USD 150 million Private Placement

DNB Markets acted as Joint Financial Adviser to Magseis and as Joint Global Coordinator in the associated private placement.

Magseis ASA, a leading Norwegian provider of ocean bottom seismic acquisition, has entered into an agreement to acquire the US based company Fairfield Seismic Technologies. The transaction combines two highly complementary businesses creating a leading provider of marine seismic solutions, including Ocean Bottom Seismic.

The exiting journey that Magseis now is embarking on was marked by the successful completion of the USD 150 million private placement.

We thank Magseis for the vote of confidence and wish to congratulate the Company on a successful transaction.