<article>Private equity firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=allegro" target="_blank" rel="noopener noreferrer">Allegro Funds Group</a> has acquired a controlling stake in Australian seismic solutions provider <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Terrex+Seismic" target="_blank" rel="noopener noreferrer">Terrex Seismic</a>.</article>

Private equity firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=allegro" target="_blank" rel="noopener noreferrer">Allegro Funds Group</a> has acquired a controlling stake in Australian seismic solutions provider <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Terrex+Seismic" target="_blank" rel="noopener noreferrer">Terrex Seismic</a>.
The size of the deal was not disclosed.
Headquartered in Brisbane, Terrex Seismic is an onshore seismic surveyor providing seismic acquisition services, GPS surveying and geophysical processing services to the oil and gas, minerals and government geoscience research sectors. It uses 2D, 3D and 4D seismic acquisition and processing technologies to accurately image complex subsurface geology.
Allegro recently partnered with Terrex’s founder and executive director Steve Tobin to recapitalise the business, with the PE firm acquiring a majority stake.
Terrex Seismic was the eighth investment by Allegro Fund II.
Past investments include Custom Bus, Great Southern Rail, Carpet Court NZ, Pizza Hut Australia, JSW Australia, Experience Australia, and Healthy Life.
In a <a style="color: #000080;" href="https://thewest.com.au/business/mining/tobin-sells-majority-stake-in-terrex-seismic-to-allegro-ng-b88462532z">report</a> by The West Australian, Allegro managing director Adrian Loader said, &#8220;Allegro&#8217;s investment will enable Terrex to invest in new autonomous nodal technology to provide its customers with world&#8217;s best-practice subsurface seismic imaging technology solutions across the resources sector.&#8221;
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Allegro Funds Group has acquired a controlling stake in Australian seismic solutions provider Terrex Seismic.

Australia: Allegro buys majority stake in Terrex Seismic

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Australia: Allegro buys majority stake in Terrex Seismic

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