The companies are both listed on the Oslo Stock Exchange. (Source: Shutterstock)
Norwegian energy data company TGS and Norwegian oilfield services company PGS approved their merger plan on Dec. 1, according to a Dec. 1 press release.
The companies’ merger plan, dated Oct. 25, will be filed with the Norwegian Register of Business Enterprises with completion conditional upon customary closing conditions, including regulatory approvals and consents, the release added.
The companies are both listed on the Oslo Stock Exchange.
“Today marks a pivotal moment for TGS and PGS as we receive approval from our shareholders for the merger plan,” TGS CEO Kristian Johansen said in a statement. “We strongly believe this merger will bring substantial value to our respective stakeholders. Together, we are poised to deliver unparalleled energy data solutions to our global partners.”
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