CGGVeritas said the deal would complement Sercel’s existing product offering, building on its diversification into the well environment and the artificial lift market.
Primarily a downhole sensors and gauges provider, GRC employs about 120 people and expecting revenues of about $22 million in 2011, CGGVeritas said, though it did not name a price for the deal.
The announcement quoted GRC chief executive Bob Laird saying he was excited about becoming part of the larger company.
“This
