TGS Launches New Chapter with Announcement of Merger Completion, New Executive Team and Capital Markets Day

OSLO, Norway(1 July 2024) – TGS, a global leader in energy data and intelligence, today launched a new chapter in its 43-year history.  The company is excited to announce the completion of the merger with PGS, a new Executive team and a Capital Markets Day on 29 August 2024.  Today's announcement positions TGS as the foremost data and services company across the energy value chain."This is more than a merger of two companies," said Kristian Johansen, CEO at TGS. "It's a blending of...

Oslo, 01/07/2024 (informazione.it - comunicati stampa - economia)

OSLO, Norway (1 July 2024) – TGS, a global leader in energy data and intelligence, today launched a new chapter in its 43-year history.  The company is excited to announce the completion of the merger with PGS, a new Executive team and a Capital Markets Day on 29 August 2024.  Today's announcement positions TGS as the foremost data and services company across the energy value chain.

"This is more than a merger of two companies," said Kristian Johansen, CEO at TGS. "It's a blending of strengths, uniting our robust financial performance, exceptional customer service, operational excellence, cutting-edge technology and innovation. Our new executive team is poised to drive forward these advancements with a fresh strategic vision, ensuring that our combined expertise translates into greater value for our customers and shareholders; while our new brand identity captures our commitment to being a strategic partner for energy companies worldwide, providing the insights and solutions needed for today and anticipating the challenges of tomorrow."

Capital Markets Day, 29 August 2024, Oslo:

The merger of TGS and PGS forms a powerhouse in the energy sector, enhancing its capabilities to support energy exploration and production on a global scale. As the industry evolves, TGS is ideally positioned to serve the entire energy market with more comprehensive, advanced solutions. This integration will enable the Company to leverage a wider pool of technological resources and expertise, significantly boosting its operational efficiency, innovation and customer engagement strategies.  TGS leadership will present more information on the vision for the new Company at a Capital Markets Day, to be held in Oslo on 29 August 2024.

The New TGS Executive Team:

 The newly formed executive team at TGS combines the strengths and expertise of both companies, bringing together a wealth of experience and fresh perspectives to enhance the Company's operations. The team comprises:

The New TGS Brand Identity:

TGS also unveiled its new brand identity today. The redesigned TGS logo represents a blend of heritage, innovation, and financial strength. It maintains elements from the PGS brand, symbolizing the Company's ongoing leadership in technology and operational excellence. The new visual identity supports TGS' mission to deliver a wide variety of energy data and solutions that meet current demands while foreseeing future needs.

"Our refreshed brand identity signifies a strategic evolution in our journey," Johansen added. "It combines our historical strengths with a progressive outlook, ensuring we remain at the forefront of the energy sector. We're excited to launch this new chapter with a clear vision and a strengthened commitment to our stakeholders."

About TGS:

TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide.

For further information, please visit www.tgs.com .

Access the TGS press kit here.

Forward Looking Statement

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

For more information, visit TGS.com or contact:

Sven Børre Larsen
Chief Financial Officer
investor@tgs.com