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ElectroMagnetic GeoServices ASA ( (DE:E2M) ) has issued an update.
Electromagnetic Geoservices ASA (EMGS) is diversifying its operations by entering the offshore subsea construction market through the acquisition of the OSCV Siem Day vessel. This strategic move aims to enhance EMGS’s resilience and long-term value by expanding into a growing market segment, while maintaining its core EM operations. The transaction is structured to minimize upfront cash outlay and does not require new capital from existing shareholders, offering potential value appreciation for stakeholders.
More about ElectroMagnetic GeoServices ASA
Electromagnetic Geoservices ASA (EMGS) is a leader in the marine electromagnetic (EM) market, providing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration. EMGS offers services that span survey design, data acquisition, processing, and interpretation, integrating EM data with seismic and other geophysical information to enhance exploration efficiency and reduce risks.
Average Trading Volume: 84,964
Current Market Cap: NOK275M
For a thorough assessment of E2M stock, go to TipRanks’ Stock Analysis page.