Parties
Company
Soletanche Freyssinet SAS
Company
Geotech Drilling Services Ltd.
On January 15, 2024, Soletanche Freyssinet SAS completed the acquisition of all issued and outstanding shares of Geotech Drilling Services Ltd., a multi-discipline drilling company headquartered in Prince George, British Columbia. The deal marked a strategic expansion for Soletanche Freyssinet, a global leader in soil, structural, and nuclear engineering with over 150 subsidiaries operating in 80 countries. This acquisition enhances Soletanche Freyssinet's capabilities in surface, marine, and underground drilling, further solidifying its position in the Canadian market. The transaction value was undisclosed.
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
15 January 2024