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Xcalibur Smart Mapping Expands Capabilities with Acquisition of PGW’s Interpretation Division

Madrid, 3rd March 2025 – Xcalibur Smart Mapping, the global leader in airborne geophysics and remote sensing for natural capital mapping, is excited to announce the acquisition of the interpretation division of Paterson, Grant & Watson Limited (PGW), a Canada-based firm. This reinforces the growth strategy, significantly enhancing its geophysical interpretation services and expertise.

Xcalibur integrates PGW’s elite interpretation team, boosting its ability to deliver cutting-edge solutions for clients. The addition of these skilled professionals, led by Stephen Reford and his team, will provide crucial leadership in geophysical interpretation, reinforcing Xcalibur’s position as an industry leader. This step also supports the ongoing development of Xcalibur’s AI capabilities, improving process efficiency, optimizing deliverables, and driving continued innovation in interpretation services.

PGW will continue as an independent geophysical consultant under the stewardship of Edna Mueller-Markham, providing survey management, quality control and consulting services to its client base. PGW remains unaffiliated with Xcalibur Smart Mapping.

Andrés Blanco, CEO of Xcalibur Smart Mapping, stated: “We welcome PGW’s exceptional interpretation team into the Xcalibur Smart Mapping family. This acquisition strengthens our leadership in regional interpretation and solidifies our commitment to delivering superior value to our clients, in special to governments. By integrating PGW’s expertise, we are not only expanding our service offerings but also enhancing our AI-driven regional interpretation solutions, which are vital to our long-term strategy of value-added data solutions for our clients.”

The acquisition brings Stephen Reford, former Chief Commercial Officer at PGW, into the Xcalibur team. He will assume the position of Senior Geophysicist, Head of Smart Geophysical Interpretation. “We are very pleased to bring the PGW geophysical pedigree to bear across the spectrum of Xcalibur Smart Mapping projects. Peter Tschirhart, Skyler Mallozzi and I look forward to integrating with the Xcalibur interpretation team, to further enhance its quality and efficiency in meeting the clients’ needs. There are numerous opportunities to incorporate emerging technologies in the interpretation workflow, to differentiate Xcalibur Smart Mapping. A good interpretation starts with high quality data. This is a well-established strength of Xcalibur and provides an excellent foundation for next level interpretation”

With this alliance Xcalibur enhances its ability to provide world-class geophysics interpretation services and solutions. Clients can expect a seamless transition with continued excellence in quality, project scope, and development, backed by a team of experts committed to delivering outstanding results.

 

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Xcalibur Multiphysics completes the acquisition of MPX Geophysics, strengthening its presence in America

Xcalibur Smart Mapping Acquisition of MPX Geophysics

Xcalibur Multiphysics, global leader in integrated project and solutions for airborne geophysics and applied technology, is pleased to announce the successful acquisition of MPX Geophysics, a Canadian-based company with a presence in Latin America

This acquisition represents a significant step in Xcalibur Multiphysics’ growth strategy in America and reflects its commitment to growth by offering state-of-the-art geophysical solutions in the region.

The purchase includes the comprehensive acquisition of 100% of the shares and geophysical services of MPX Geophysics. We are proud to welcome MPX Geophysics to the Xcalibur Multiphysics family,” said Xcalibur Multiphysics CEO Andres Blanco, “This acquisition is a key milestone in our journey to consolidate Xcalibur Multiphysics’s leadership internationally and particularly in America”.

Daniel McKinnon, president and owner of MPX, said: “from our perspective, this acquisition transaction affords the former MPX team a tremendous opportunity to be part of a progressive organization providing access to a wider variety of geophysical surveying technologies that will enhance our capacity to provide effective exploration solutions to clients.

Through this acquisition, Xcalibur Multiphysics will strengthen its team in Latin America with the integration of the MPX Geophysics management team into Xcalibur Multiphysics. Marco Nieto, formerly Vice-president at MPX, will join as Business Development Manager where he will utilize his extensive experience and knowledge obtained over years of working in South America.

The expectation is that there will be a smooth and seamless transition into Xcalibur Multiphysics for the remaining MPX team members, without any overlap of key positions, including Business Development, Senior Geophysicists, Project Managers and Engineers. We look forward with keen anticipation to contributing meaningfully to Xcalibur Multiphysics’s thrust to become a World leader in Geophysics”.

As for Davin Allen, CEO of Xcalibur Multiphysics in Canada, he said: we see this acquisition as a pivotal step in expanding our presence in Central and South America. Daniel has done an exceptional job in building a fantastic team with a high degree of experience and an especially in-depth understanding of the intricacies of geophysical survey operations in the region.

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4 MIN. READ

Xcalibur Multiphysics Group acquisition of a majority participation in the Indian company McPhar International Private Limited

Xcalibur Multiphysics Group acquisition of a majority participation in the Indian company McPhar International Private Limited

Xcalibur is pleased to announce the acquisition of a majority participation in McPhar

This acquisition represents Xcalibur’s entry into a strategic high growth potential market together with Oil Filed Instrumentation (India) Private Limited, a local partner, belonging to the industrial conglomerate The Neterwala Group.

Madrid, October 22nd, 2022. McPhar has headquarters in Mumbai (India). Today it is considered as a reference in the airborne geophysics survey market in India. McPhar is a leading service provider to the major geological agencies, as well as groundwater and geothermal public and private entities.

The company currently employs more than 20 highly qualified professionals and their state-of-the-art equipments and systems will allow them to execute current contracts in hand. Xcalibur, with 13 offices located in 5 continents, focuses on mapping of natural resources including minerals, oil & gas, water, and energy sources (geothermal and hydrogen). With proprietary geophysical technologies the company also has its own fleet of aircrafts, and a large team of expert professionals. This Spanish company flies over territories to measure physical properties of the subsoil.

The data is then processed, interpreted, and converted into valuable information on potential areas of natural resources for private companies, governments, and geological services. With active projects in Colombia, Brazil, Canada, USA, Spain, Portugal, Finland, Australia, Saudi Arabia, India, Japan, Kazakhstan, Nigeria, Democratic Republic of Congo, Republic of the Congo, Angola, South Africa, Tanzania, Botswana and Uganda, the Group’s purpose is to accelerate the energy transition, helping its clients to make more efficient and sustainable decisions to discover their growth potential.

Xcalibur also aims to contribute to the circular economy, the local communities, and the protection of biodiversity, focusing solely on high-interest areas of natural resources and developing social and cooperation projects in those regions through Xcalibur Foundation, the Group’s social arm. Xcalibur will introduce a wide range of technologies, technical know-how, commercial capabilities to the Indian market besides offering a large fleet of its own aircraft. Xcalibur-McPhar will jointly pursue opportunities in a potential market of about 2BnUSD over the next 10 years, investing together in the latest technology and systems and also with the aim to establish a permanent local fleet of aircrafts. Xcalibur counts on the support of COFIDES, Spanish institution that provides financing for international expansion of Spanish companies.

Neterwala Group Statement
Anosh Neterwala, Vice Chairman of the Neterwala Group, stated: This partnership adds tremendous capacity which will enable the group to offer a wide range of latest technologies and expertise for exploration of natural resources. We will utilize our India specific domain expertise of geophysical/geological exploration to help expand the business.

Xcalibur Multiphysics Statement
Andrés Blanco, CEO of Xcalibur Multiphysics Group, stated: This acquisition will allow Xcalibur to take a leading position in India, a strategic market with great growth potential in the search for natural resources and energy transition. Xcalibur will contribute its global leadership by making available all its assets and technologies to the combined company in order to offer a full range of services for natural resource mapping in India.

About Neterwala Group / Oil Field Instrumentation (India) Private Limited (OFI) The Neterwala Group is a professionally run; family owned & managed business enterprise with over six decades of steadfast growth. The group is technologically robust, with diverse manufacturing interests in Metallurgy, Oil Field Chemicals & Instrumentation, Engineering, Environment, and Information Technology. Continuous innovation, sustained by dedicated commitment of its employees, coupled with careful use of acquired technologies and International Joint Venture partnerships, has ensured that the group is a leader in almost all its fields of activity. The Neterwala Group’s CSR program is built around its value system and relies on the commitment of its stakeholders to adopt these values.

The Group is committed to advancing policies and systems across its companies to ensure that all aspects of its CSR program relevant to its businesses are addressed and monitored. These include good ethical behavior, concern for employee health and safety, care for the environment and community involvement. OFI is a leading, specialized high technology-oriented service company in India, engaged in providing advanced and cost-effective solutions to the Oil & Gas Industry (Offshore and Onshore) for over three decades. It is a leading Mud Logging Service provider in India with presence in the Middle East, Africa and Asia Pacific. OFI has a wide range of propriety digital offerings and a strong focus on future opportunities in energy transition.

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Explore the world with Xcalibur Multiphysics

leader in potential fields geophysics for global mineral and petroleum exploration.

We are excited to announce the new leader in potential fields geophysics for global mineral and petroleum exploration.

Formerly CGG Multi-Physics, we are delighted to now be a part of Xcalibur Multiphysics. Xcalibur group completed the acquisition of our business line at the end of Q2. This new group offers proprietary gravity, magnetic, electromagnetic and radiometric surveys with the most comprehensive range of advanced acquisition platforms in the air, on land, or at sea. Our marine group is committed to providing the same high-quality gravity and magnetic acquisition and processing services that have been recognized by the industry for over 30 years.

We have achieved a 99.9% production rate for Marine GravMag in 2020, its highest-ever score, during its acquisition of a combined total of 122,000 sail line kilometers of prime gravity and magnetic data, resulting in a record five years of sustained production rates of over 99.5%. Our leadership and commitment to QHSE ensured no injuries or incidents were recorded in 2020 and operations continued smoothly despite challenges presented by the global pandemic.

We have achieved a 99.9% production rate for Marine GravMag in 2020, its highest-ever score, during its acquisition of a combined total of 122,000 sail line kilometers of prime gravity and magnetic data, resulting in a record five years of sustained production rates of over 99.5%. Our leadership and commitment to QHSE ensured no injuries or incidents were recorded in 2020 and operations continued smoothly despite challenges presented by the global pandemic.

Xcalibur Multiphysics Marine is an ISO 9001 and OHSAS 18001-certified organization renowned for its dedication to quality, health, safety, and environmental responsibility. The highest-quality marine gravity and magnetic data is achieved through rigorous testing of equipment before and after deployment, daily evaluation of field data, use of its industry-leading LCT modeling software combined with proprietary processing techniques, and state-of-the-art in-house GIS capabilities.

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Xcalibur announces the signature of an agreement for the buyout of CGGs Multi-Physics acquisition business

Xcalibur announces the signature of an agreement for the buyout of CGGs Multi-Physics acquisition business

We are glad to announce that we have entered into a Sale and Purchase Agreement (SPA) with CGG for the buyout of CGG’s Multi-Physics business.

Xcalibur announces acquisition of CGG’s Multi-Physics business. The SPA provides for the buyout of CGG’s entire Multi-Physics business, except its multi-client library, and is subject to approval by the competent regulatory authorities. This transaction is expected to be closed by Q4 of this year.With this acquisition, Xcalibur Geophysics will consolidate as a leading company in aerogeophysics and natural resources mapping, with worldwide coverage and offices in Spain, South Africa, USA, Canada, Australia, Brazil and Colombia.

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