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CMG completes acquisition of Sharp Reflections GmbH to expand seismic solutions offering

Nov 12, 2024•about 1 year ago

Acquiring Company

Computer Modelling Group

Acquired Company

Sharp Reflections

CalgaryKaiserslauternConsultingSoftwareAnalytics

Description

CMG, a global software and consulting company, has announced the acquisition of Sharp Reflections GmbH, a pioneer in leveraging high-performance computing in the cloud for seismic processing and interpretation. This acquisition expands CMG's seismic solutions offering with a proven technology innovator and strengthens its position in the niche specialty of multi-dimensional, prestack seismic interpretation.

Company Information

Company

Computer Modelling Group

Location

Calgary, Alberta, Canada

About

Computer Modelling Group is a leading provider of high-performance simulation software for the oil and gas industry. The company focuses on using advanced technology to enhance decision-making and efficiency in resource management. With a commitment to innovation and strategic growth, CMG is preparing for an acceleration in its acquisition-focused initiatives.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed