Boskalis Ups Fugro Stake: ‘No offer coming, it’s just an interesting company’

Mike Schuler
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March 20, 2015

Photo courtesy Fugro

Dutch maritime services provider Royal Boskalis Westminster has once again increased its holding in Fugro N.V., but again insists that is not a step towards making an offer for the company.

Boskalis’ holding in Fugro now stands at 25.1%.

“Boskalis views Fugro as an interesting company with strong market positions in its core activities,” Boskalis said in a statement announcing the increased stake.

“The strategy of Boskalis is focused on offshore and (maritime) infrastructure, making use of the combination of high end know-how and maritime assets. This fits very well with the activities of Fugro. The two companies have a lot in common in the area of assets, knowledge, capital intensity, global coverage, client base and are both global leaders in niche markets.”

Boskalis originally purchased a 14.8 percent stake in Fugro in November 2013 and later upped its to 20.01% in January 2015.

Headquartered in Leidschendam, the Netherlands, Fugro is a global group of companies that provides geotechnical, survey, subsea and geoscience services. The company has a presence in over 60 countries with close to 250 offices. Fugro’s resources include 51 vessels; 26 aircraft; 97 CPT trucks; 261 onshore and 17 offshore rigs; 30 jack-up platforms; 12,591 employees; 35 laboratories; 9 autonomous underwater vehicles (AUVs); 150 remotely operated vehicles (ROVs); 40 diving systems; 2,226 nodes; and 61 nearshore craft, according to its website.

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