# SAExploration closes acquisition of Geokinetics assets

SAExploration Holdings, Inc. completed the acquisition of substantially all assets of Geokinetics, Inc., including equipment, machinery, seismic processing software and contracts, funded by a new $23.4 million credit facility.

- Type: Acquisition
- Announced: 2018-07-25
- Where: United States
- Value: $23.4M
- Status: completed
- Products: seismic equipment and software
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [SAExploration Holdings](https://endata.com/companies/33341.md) (acquirer)
- [Geokinetics](https://endata.com/companies/33342.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/456692283/saexploration-announces-closing-of-geokinetics-asset-acquisition-and-conversion-of-8-0-cumulative-perpetual-series-a-preferred-stock), 2018-07-25: "SAExploration Holdings, Inc. today announced that its indirect wholly owned subsidiary SAExploration Acquisitions (U.S.), LLC has completed the previously announced acquisition of substantially all of the assets of Geokinetics, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.