Getech in US deal as fortunes continue to improve

Getech traces its roots back to the University of Leeds’s Department of Earth Sciences, now part of the School of Earth and Environment, when founder Derek Fairhead collected gravity data for Africa in 1986.

The data was computerised to complete Getech’s first study, and it gradually gathered the data of 19 companies.

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It opened an office in Houston, Texas in 1996, and a limited company was formed in 2000 when Getech spun out of the university.

It floated on AIM in 2005, raising £3m.

Getech’s data spans the globe, from the oil-rich West Coast of Africa to the Arctic Circle, which is still largely untapped.