# Peloton to acquire Cevian Technologies for completions software

Peloton, an oilfield software developer, agreed to acquire Cevian Technologies, developer of the FracNet completions platform. The deal fills a gap in Peloton's product line for drilling, production, and land management software. The purchase price was not disclosed.

- Type: Acquisition
- Announced: 2021-02-24
- Where: Calgary, Canada
- Status: announced
- Products: FracNet completions software

## Companies

- [Peloton](https://endata.com/companies/47008.md) (acquirer)
- [Cevian Technologies](https://endata.com/companies/53449.md) (target)

## Sources

- [jpt.spe.org](https://jpt.spe.org/peloton-moves-to-buy-real-time-completions-software-company), 2021-02-24: "Oilfield software developer Peloton said on Wednesday it has reached an agreement to acquire Cevian Technologies for an undisclosed sum."

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