CMG buys Sharp Reflections for EUR 25 million cash

Reuters2026/08/07 03:16

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Computer Modelling Group bought Sharp Reflections, a Germany-based seismic processing and interpretation software platform.
Total consideration was EUR 25 million in cash, subject to post-closing adjustments, near USD 37 million.
Deal terms included an additional payment equal to Sharp’s cash on hand immediately before closing.
In the 12 months ended July 31, 2024, Sharp recorded unaudited revenue of about EUR 10 million, including EUR 6.9 million software revenue.
Sharp generated a low double-digit adjusted EBITDA margin; CEO Bill Shea will stay to lead integration.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Computer Modelling Group Ltd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

CMG buys Sharp Reflections for EUR 25 million cash

You may also like

Crypto prices