Brief: Geospace Technologies Corporation Acquires Optoseis® Fiber Optic Technology

Geospace Technologies

13/11/2018 16:04

Nov 13 (Reuters) - Geospace Technologies Corp  GEOS.O :
    * GEOSPACE TECHNOLOGIES CORPORATION ACQUIRES OPTOSEIS® FIBER
OPTIC
TECHNOLOGY
    * GEOSPACE TECHNOLOGIES CORP - TERMS OF TRANSACTION INCLUDE
AN
INITIAL CASH PAYMENT AT CLOSING OF $1.8 MILLION
    * GEOSPACE TECHNOLOGIES - DEAL TERMS HAS CONTINGENT CASH
PAYMENTS
OF UP TO AN ADDITIONAL $23.2 MILLION OVER A FIVE-AND-A-HALF YEAR
EARN-OUT PERIOD
    * GEOSPACE TECHNOLOGIES CORP - WILL CONTINUE OPERATING
BUSINESS IN
AUSTIN, TEXAS

Source text for Eikon:  ID:nBwblHvtva 
Further company coverage:  GEOS.O 

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