BV-backed geoLOGIC buys CDL's well completions and frac database
GeoLOGIC systems Ltd, a portfolio company of U.S. private equity firm BV Investment Partners, has bought Canadian Discovery Ltd (CDL)'s well completions and frac database and related products. No financial terms were disclosed. GeoLOGIC, a Calgary provider of data and software decision support systems to the oil and gas industry, said the acquired assets will be integrated with its existing product offerings. BV acquired an equity stake in GeoLOGIC in October 2015. Calgary-based CDL is an independent energy information services company.
3 January 2017•4 mins read
