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FINWIRES

TGS Divests North American Well Data Products Business to Optimize Portfolio

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TGS (TGS.OL) finalized the sale of its North American well data products business to Enverus, a data analytics and software-as-a-service company, for more than $100 million.

The energy sector data and intelligence company sold the business as part of its portfolio optimization, according to a Wednesday release. The deal also includes an additional earn-out of $15 million.

TGS will use the sale proceeds to reduce its net debt.

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