The fact that CGG can go the market and get cheaper marine acquisition prices than what they could manage internally with their own boats just goes to show how incredibly inept and inefficient this company is. Marine acquisition should be THE core strength of the company, and yet they now have to admit they "don't do it well". Interesting to actually hear those exact words from Sophie at the capital market day. How about solutions rather than admissions. Here's a hint - it starts and ends with people. The company ran off all the good people saying "we don't need them". Well news flash - you DO need good people, and now you pay the price. Remaining talent are leaving in droves and there will be nothing left of this company by year end.
Good point from @WXxC7Md-6pfo.