Capital/Financing Update • Feb 2, 2017
Capital/Financing Update
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Leidschendam, The Netherlands, 2 February
Fugro has been awarded a framework contract in the Asia Pacific region for inspection, repair and maintenance (IRM) services. Under this contract, IRM services can be called off as needed by the client. The total value of the contract is estimated at around EUR 80 million over the three year period.
The services cover an extensive range of inspection and engineering activities across the client's operated offshore facilities, targeted at keeping them operational and in good condition. They are provided from Fugro's Asset Integrity business line which is centered around inspection and monitoring services, supporting optimal utilisation and longevity of our clients' infrastructure.
The work will be performed under Fugro's quality and safety procedures, which are in accordance with industry leading standards. The work is expected to start in the second half of this year.
Mark Heine, Divisional Director Marine and member of the Board of Management: "We now have three multi-year IRM contracts in Asia Pacific, creating a solid base for this region's Asset Integrity business line during the coming years."
This press release contains information that qualifies, or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Media Rob Luijnenburg [email protected] +31 70 31 11129 +31 6 5534 7391
Investors Catrien van Buttingha Wichers [email protected] +31 70 31 15335 +31 6 1095 4159
Fugro is the world's leading, independent provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. We collect data on topography, soil composition and environmental conditions, both onshore and offshore. We organise the acquired data and add value through processing, interpretation and visualisation. In addition, we provide geo-related design, asset inspection and integrity advice. Our services play a critical role in the entire lifecycle of our clients' construction and infrastructure projects.
Fugro works around the globe, predominantly in energy and infrastructure markets, employing approximately 11,000 employees in around 60 countries. In 2015 Fugro's revenue amounted to around EUR 2.4 billion. Fugro is listed on Euronext Amsterdam.
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