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Fugro N.V. — M&A Activity 2006
May 2, 2006
3845_iss_2006-05-02_93c08566-e08e-4458-ab2b-c82b3656e1be.pdf
M&A Activity
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PRESS RELEASE
TUGRO
Leidschendam, the Netherlands, 2 May 2006
Fugro acquires Seacore in the UK
Fugro has completed the earlier announced acquisition of Seacore Ltd. in the United Kingdom for a total amount of EUR 20 million for the purchase of all shares and the redemption of loans.
Seacore Ltd. is based in Gweek, Cornwall, United Kingdom and is active in the international oil, gas, mineral and renewable energy market. The company is providing geotechnical investigation and scientific coring services in offshore and coastal areas utilising their own equipment, like jack-up barges, which are designed in-house. These jack up barges are also used to provide large diameter drilling services for marine projects, like wind farms and bridges.
Fugro and Seacore have successfully completed several projects in the past through a joint venture. Seacore has an annual turnover of approximately EUR 35 million and employs about 160 staff.
For further information: Fugro N.V. K.S. Wester, President and CEO Telephone +31 70 311 11 12
Fugro N.V. P.O. Box 41 2260 AA Leidschendam The Netherlands Tel: +31703111422 Fax: +31703202703 [email protected] www.fugro.com
Fugro collects, processes and interprets data related to the earth's surface and soil composition and provides advice based on the results. As an extension to these activities, Fugro provides services such as precise positioning, construction materials testing, reservoir engineering and data management. Fugro's operations have been organized into three divisions: Geotechnical, Survey and Geoscience. Fugro is listed on Euronext N.V. in Amsterdam and is included in the Amsterdam Midkap Index. Fugro has over 275 offices, approximately 8,500 staff and a permanent presence in over 50 countries.
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