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Sproule Announces Agreement To Acquire Sgs’S Global Subsurface Consultancy

Feb 10, 2023over 2 years ago

Acquiring Company

Sproule

Acquired Company

Global Subsurface Consultancy

Description

Sproule, a leading global energy consulting and advisory firm, is pleased to announce an agreement to acquire SGS S.A.’s (“SGS”) Subsurface Consultancy (“SSC”) based in the Netherlands. Geneva-based SGS is a testing, inspection and certification company recognized as the global benchmark for sustainability, quality, and integrity. SSC conducts reserves certification, seismic interpretation, integrated subsurface studies, and provides expert witness services for clients related to various energy projects globally, but primarily in Europe and the Middle East.

Company Information

Company

Sproule

About

Sproule is a global energy consulting firm providing technical and commercial services for reserves certification, reservoir characterization, strategic advisory, and asset management.

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