Veritas Geo-Services selected as new name for Veritas-PGS venture News
// August 16, 2002
Veritas DGC and Petroleum Geo-Services have announced a new brand name and logo for the proposed combination of the companies, to become effective upon the completion of their merger. The parent company will be VGS Inc, a newly formed Cayman Islands company. This new company will be represented as Veritas Geo-Services, utilizing a new logo that incorporates the current PGS graphics with the letters VGS, in a new color scheme.
Marketing executives of both companies said the goal in deciding upon a new name was to capture existing brand equities of both organizations while creating a singular identity for the combined company.
On June 21, the two companies announced an amendment to their agreement originally reached last November. The companies expect to complete the transaction in the late third quarter or early fourth quarter this year.
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