Houston-based LandWorks Inc. is to acquire oil and gas geographical information systems (GIS) specialists Geodynamic Solutions in a share exchange transaction. LandWorks’ core business, technology solutions for land management, is said to dovetail well with Geodynamic’s mapping solutions including the Petrolynx.com ASP mapping and production data analysis portal and the Spatial Search Engine.
Bramwell
LandWorks president Jerry Bramwell said, ‘This acquisition extends our client base to petroleum explorationists and engineers and will expand our consulting services into a diverse group of oil companies.’
Barrell
Kirk Barrell, Geodynamic president added, ‘LandWorks can now offer an expanded product suite and key new spatial search technology. GIS usage is growing rapidly in numerous industries. This acquisition will enable us to offer our products and services beyond the petroleum industry through LandWorks’ diverse client base.’ Geodynamic Solutions will operate as a wholly owned subsidiary of LandWorks.
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