SEAENERGY has signalled its acquisition of software company Return to Scene (R2S) is progressing well, with a £500,000 earn-out payment to be made in March.
SEAENERGY has signalled its acquisition of software company Return to Scene (R2S) is progressing well, with a £500,000 earn-out payment to be made in March.
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GREIG CAMERON
Aberdeen-based SeaEnergy bought the company – which specialises in making 3D maps of oil and gas assets – last year for an initial £5 million.
R2S has hit revenue targets for the half-year to February ahead of schedule, which has triggered the six-figure payment.
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