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Fugro N.V. — M&A Activity 2007
Mar 8, 2007
3845_iss_2007-03-08_1279e5c3-7eee-4afb-be35-132f01ef850e.pdf
M&A Activity
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PRESS RELEASE
TUGRO
Leidschendam, the Netherlands, 8 March 2007
Fugro intends to acquire MAPS Geosystems
Fugro has signed a letter of intent to acquire 100% of the shares in MAPS Geosystems (MAPS). The transaction is subject to contract finalisation and is expected to be completed in April 2007.
MAPS is a leading producer of aerial survey imagery with more than thirty years of operational experience throughout the Middle East and Africa. The company has its main operational bases in Sharjah (United Arab Emirates) and Beirut (Lebanon) and employs 200 staff. Revenue in 2006 was USD 16 million (EUR 12 million).
MAPS provides a wide range of survey services including aerial photography, terrain modelling, field survey and asset mapping. The company also develops geospatial software and distributes high-resolution satellite imagery throughout the Middle East and Africa.
MAPS customer base comprises; engineering companies, energy and utility providers, local and regional authorities, national governments and international development agencies.
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 10,000 staff and a permanent presence in over 50 countries.
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