Norway's Arne Blystad is moving into the seismic survey sector through a merger of his Songa Bulk with Houston-based Axxis Geo Solutions (AGS).
The Oslo-listed company, which sold its bulker fleet to Star Bulk Carriers last year, said it will assume the assets, rights and obligations of AGS by issuing shares to AGS investors.
AGS is a "leading" pure-play ocean bottom node seismic company," Songa said.
