By the OGJ Online Staff
HOUSTON, Mar. 21�Landmark Graphics Corp., a unit of Halliburton Co., has agreed to acquire majority ownership in LMK Resources Ltd., Islamabad.
Landmark said the acquisition of the consulting and information technology company will expand the reach of its technology management solutions and add distribution channels in Pakistan, North Africa, and the Middle East.
Landmark provides exploration and production software.
LMK will have 200 employees, based primarily in Islamabad and Dubai.
"Landmark sees tremendous growth in the demand for integrated technology and services in the part of the world now being served by LMK Resources,� said John Gibson, president and CEO of Landmark Graphics. "By acquiring a majority interest in this new business, we can utilize their technical talent on Landmark projects in that area of the world, and at the same time, ensure the continued growth and focus of this important distribution and services channel."
Atif Khan, the president and CEO of LMK Resources, said, "Our relationship with Landmark Graphics has been mutually beneficial for both companies over the past 5 years. We believe that by joining with Landmark more closely, we can deliver an even wider range of technology, service, and support solutions in designated market areas."
