Denver-based Center Line Data Corp., a privately held developer of well log digitizing software, has sold virtually all of its assets to TGS-NOPEC Geophysical Co., TGS announced Monday. TGS, a seismic imaging software publisher headquartered in Houston, said it paid some $5 million in cash and 30,600 shares of TGS stock to acquire Center Line. As a result of the purchase, TGS will open a regional office in Denver, the company said, adding that Center Line’s staff of 36 employees will become part of TGS’ Geological Products and Services division.
Top NewsMonday, June 2, 2008
Center Line Data Sold To Houston Firm