Business
Completed Acquisition of the GO Science Business
Completed Acquisition of the GO Science Business.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 6799T Thalassa Holdings Limited 22 November 2013 \n \n\nThalassa Holdings Ltd\n(Reuters: THAL.L, Bloomberg: THAL:LN)\n(\"Thalassa\" or the \"Company\")\nCompletion of Acquisition of the GO Science business\nFurther to the Company's announcement on 23 September 2013, the Directors are pleased to announce that Thalassa has completed the acquisition of the business, intellectual property and other assets of GO Science Limited (\"GO Science\"), which had been placed into administration on 31 July 2013.\nFollowing negotiations since 23 September, Thalassa has acquired GO Science for a total cash amount of £1,860,000.No further consideration is payable. \nDuncan Soukup, Chairman of Thalassa, stated:\n\"Whilst this acquisition has taken longer than anticipated to complete we are satisfied that the protracted negotiations were well worth the time and effort. We are very excited by the potential of the GO Science business.\"\nFurther information on GO Science can be found at www.goscience.co.uk.\n \nContacts: \nThalassa Holdings Ltd: \nDuncan Soukup, Executive Chairman +33 (0)6 78 63 26 89 \nWH Ireland Limited (Nominated adviser): \nChris Fielding, Head of Corporate Finance 020 7220 1650 \nwww.thalassaholdingsltd.com \nNotes to Editor: \nThalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with a focus on marine seismic operations. The corporate strategy for the Group is \"Exploration and Beyond\". \"Exploration\" is focused on activity in frontier and challenging locations, whilst \"Beyond\" focuses on production activity by looking to secure opportunities in the permanent reservoir monitoring market. Thus activity and focus will be dominated by projects in remote and challenging frontier locations, coupled with lower risk projects in mature producing regions. \nAlongside the technical expertise and c...