SAExploration Holdings, Inc. ("SAExploration") announced that it has completed the acquisition of Norway-based global seismic technology leader inApril AS ("inApril").
"This acquisition is a milestone in global seismic technology. SAExploration is a natural home for inApril's innovation and industry-leading technology," said SAExploration CEO Forrest Burkholder. "We were drawn to inApril for the same reasons we use inApril technology for our own global projects. inApril shares our values of maintaining the highest standards of quality and customer commitment, prioritizing safety, efficiency, and sustainability."
SAExploration Chairman Ken Tubman added, "The combination will lead to growth, innovation, and shared success, paving the way for broader applications in global markets. We will continue to create extraordinary opportunities for our clients, our employees, and our shareholders."
inApril will operate as a separate business unit of SAExploration and will continue to provide its popular inApril products and technology in support of seismic operators around the world.
As part of the combination, former inApril Chairman Paal E. Johnsen has joined the SAExploration Board of Directors.