M&A Activity • Jul 1, 2015
M&A Activity
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Leidschendam, the Netherlands, 30 June 2015
Today, Fugro has finalised the sale of its multi-client data library to Spectrum ASA, for a cash consideration of US\$ 115 million (approximately EUR 100 million).
The multi-client library business has been non-strategic since the divestment of the majority of Fugro's geoscience activities in 2013, and this transaction is consistent with Fugro's strategy to focus on its geotechnical and survey activities going forward.
As a consequence, the multi-client data library activities will be deconsolidated as per 1 July 2015.
For more information: Media Rob Luijnenburg [email protected] +31 70 31 11129 +31 6 1594 0639
Investors Catrien van Buttingha Wichers [email protected] +31 70 31 15335 +31 6 1095 4159
Fugro creates value by acquiring and interpreting earth and engineering data and providing associated consulting services to support clients with their design and construction of infrastructure and buildings. Fugro also supports clients with the installation, repair and maintenance of their subsea infrastructure.
Fugro works around the globe, predominantly in energy and infrastructure markets offshore and onshore. It employs approximately 13,500 employees in over seventy countries. In 2014 Fugro's revenue amounted to EUR 2.6 billion; Fugro is listed on Euronext Amsterdam.
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