Halliburton Unit Acquires PGS Data Management for $179 Million

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Halliburton's

(HAL) - Get Report

Landmark Graphics

unit agreed to acquire

PGS Data Management

, a division of

Petroleum Geo-Services

(PGO)

, for $179 million in cash.

Shares of Halliburton, a petroleum and energy services company based in Dallas, rose 81 cents, or 2.2%, to $37.06 in recent

New York Stock Exchange

trading. Petroleum Geo-Services was also up, gaining 63 cents, or 4.7%, to $13.94 on the Big Board.