Regulatory Filings • Mar 23, 2015
Regulatory Filings
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Leidschendam, the Netherlands, 23 March 2015
Fugro has taken notice of the press release from Boskalis of Friday evening, 20 March 2015, that it has increased its holding in Fugro N.V. to 25.1%.
The further stake building by Boskalis, a construction and installation contractor, remains unsolicited and unexpected. Fugro notes that Boskalis continues to state that its increased holding is not a step towards making an offer for Fugro.
Fugro reiterates that it highly values its position as the world's leading independent geotechnical and survey data and services provider, which is core to Fugro's strategy.
Fugro operates as independent consulting engineer, providing essential earth and engineering data, information and advice to a broad range of clients. Clients use the data, information and advice provided by Fugro amongst others to determine and optimise their choices for their construction and installation work.
This makes Fugro's position highly sensitive to conflicts of interest in particular in relation to construction and installation contractors. Hence Fugro does not agree with the statement by Boskalis' statement that Fugro's activities "fit very well" with Boskalis. Fugro can only maintain its current market leading positions if it remains an independent service provider.
Fugro also refers to its press releases of 7 and 10 November 2014 and 9 January 2015.
For more information: 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 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 employing 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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