SAExploration Strengthens Global Leadership with Acquisition of Terrex Seismic

SAExploration Expands Horizons with Terrex Seismic Acquisition

In a bold move to enhance its global footprint, SAExploration Holdings, Inc. (SAE) has finalized the acquisition of Terrex Seismic, the leading seismic contractor in Australia. This strategic acquisition marks a significant milestone in SAE’s growth trajectory and reinforces its position as a reputed leader in the seismic solutions industry.

Founded in 1981, Terrex Seismic has built a strong reputation over the decades by providing innovative seismic acquisition services across Australia. With a history of tackling complex projects in challenging environments, Terrex's dedication to quality and safety aligns seamlessly with SAE’s commitment to excellence. According to SAE’s CEO, Forrest Burkholder, “This acquisition strengthens our position as a global leader in seismic solutions, and aligns perfectly with our values.” He expressed excitement about the shared culture and mission between the companies.

Following the acquisition, Terrex will continue to operate under its own name, ensuring continuity and reliability for its clients. Rick Dunlop, Terrex’s CEO, expressed optimism about the future, stating, “We will deliver the same consistent and trusted service our clients have come to expect, now with the added support of SAE's global reach, resources, and expertise.”

By combining the diverse operational capabilities of both companies, SAE expects to significantly enhance service delivery across various sectors, tapping into the vast opportunities in the Asia-Pacific region. This deal not only expands SAE's geographical reach in Australia but also integrates Terrex's specialized onshore expertise, which complements SAE's capabilities in marine, land, and transition zone operations.

The synergies created from this acquisition are expected to offer enhanced client services, leveraging both companies' proven records for safe, efficient, and reliable project execution. SAE's commitment to providing a comprehensive range of vertically-integrated seismic data acquisition and support services will be bolstered by Terrex's expertise, allowing them to tackle more complex and large-scale projects in the future.

SAE’s growth strategy has been marked by its recent acquisition of the Norwegian seismic technology company, inApril AS, which has already improved their services for global seismic customers. Ken Tubman, the Chairman of SAE, emphasized that the addition of Terrex further solidifies their unique value proposition in the global market, enhancing the company’s role as a provider of end-to-end seismic solutions.

As the landscape of seismic exploration continues to evolve, the combined strengths of SAExploration and Terrex Seismic will position them for sustainable growth and success. Their shared commitment to innovation, safety, and client value will be instrumental as they navigate new challenges and opportunities in the seismic services arena.

In conclusion, the acquisition of Terrex Seismic is a strategic step for SAExploration, setting the stage for robust operational capabilities and a widened market reach. With a unified focus on delivering high-quality seismic solutions, SAE is poised to become the first choice for clients worldwide, leveraging its combined expertise to undertake complex geological explorations and meet the ever-growing demands of the energy industry.

For more information on SAExploration and their services, visit www.saexploration.com.