Next Geosolutions Europe

M&A Activity • Jan 14, 2025

Informazione Regolamentata n. 20317-4-2025	Data/Ora Inizio Diffusione 14 Gennaio 2025 14:56:55		Euronext Growth Milan
Societa'	:	NEXT GEOSOLUTIONS EUROPE
Identificativo Informazione Regolamentata	:	200339
Utenza - Referente	:	NEXTGEOESTN01 - -
Tipologia	:	3.1
Data/Ora Ricezione	:	14 Gennaio 2025 14:56:55
Data/Ora Inizio Diffusione	:	14 Gennaio 2025 14:56:55
Oggetto	:	NEXT GEOSOLUTIONS ANNOUNCES THE COMPLETION OF THE ACQUISITION OF THE OFFSHORE VESSEL NAMED "NG SURVEYOR"

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NEXT GEOSOLUTIONS ANNOUNCES THE COMPLETION OF THE ACQUISITION OF THE OFFSHORE VESSEL NAMED "NG SURVEYOR"

Naples, January 14, 2025 – Next Geosolutions Europe S.p.A., a leading international company in marine geosciences and offshore construction support services, primarily in the energy sector with a focus on renewable energy, and listed on the Euronext Growth Milan market, announces the completion of the acquisition of the vessel "Deep Helder" (IMO No. 9690872) from the Dutch company SeaMar Subsea BV, as previously disclosed in the Admission Document. Renamed "NG Surveyor," the vessel will be utilized for geophysical, geotechnical, environmental, and UXO (unexploded ordnance) survey activities.

The acquisition of the vessel is part of the Company's growth and expansion plans, as announced during the IPO phase, aimed at strengthening the fleet and meeting the increasing demand in the offshore sector.

The NG Surveyor is a ship built in 2014, with 64.8 meters long, 15.8 meters wide, and features a 500 m² deck space. Equipped with a Dynamic Positioning Class II (DP2) system, it can accommodate up to 48 personnel. Following the vessel's delivery, NextGeo will undertake refitting work to install high-specification equipment, including 3 Multibeam Echosounders (MBS), a Sub Bottom Profiler (SBP), and an acoustic positioning system (USBL). These upgrades will enhance operational capabilities, enabling the vessel to conduct high-resolution surveys in shallow-to-mid waters and depths classified as "full ocean depth" (up to 11,000 meters).

Giovanni Ranieri, CEO of NextGeo, stated: "The completion of this acquisition, announced during our IPO, is part of our growth and development strategy outlined at the time of listing. It allows us to enhance both our fleet and our survey service offerings. With the purchase of this new multipurpose vessel, we further solidify our position as a leading company in the sector, particularly considering the increasing number of projects and business opportunities both nationally and internationally."

The total investment for the acquisition of the "NG Surveyor" amounts to €21 million (of which €3.15 million was already deposited in escrow, as indicated in the Admission Document for trading on the EGM market of Borsa Italiana, dated May 18, 2024), in addition to approximately €4 million for the purchase and installation of the aforementioned equipment.

As part of the transaction, a total of €12 million was financed by Cassa Depositi e Prestiti (CDP) and Credito Emiliano S.p.A. (Credem). Specifically, Credem provided €6 million with a 10-year repayment term, while CDP made an additional €6 million available to the company, with an 8-year repayment term.

Giuseppe Maffia, CFO of NextGeo, commented: "We are extremely pleased with the completion of this financial transaction, which has allowed us, on one hand, to strengthen the long-standing and fruitful relationship between NextGeo and Credem, and on the other, to lay the foundation for a collaborative partnership that sees CDP directly involved in the future strategic investment plan of NextGeo".

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This press release is available in the Investor/Financial Press Releases section of the website https://www.nextgeo.eu/. Please also note that, for the dissemination of regulated information, the Company uses the eMarket SDIR circuit managed by Teleborsa S.r.l.

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ABOUT NEXTGEO

Next Geosolutions (NextGeo) is a leading international company in the field of marine geosciences and support for the construction of offshore infrastructures in the energy sector, with a particular focus on renewable energy. Founded at the end of 2014 and part of the Marnavi Group - Italy's largest shipowner operating globally in the offshore sector -

NextGeo offers high-quality consulting and engineering design support services and turnkey solutions, thanks to significant established know-how in the offshore sector. With an extensive fleet of state-of-the-art DP 2 class vessels, belonging to and/or owned by the Group, and a multi-ethnic team of more than 300 qualified and experienced professionals, NextGeo provides a wide range of services from specialised consulting in the field of marine geophysics and geotechnics, environmental and archaeological surveys to the identification and removal of UXO (Unexploded Ordnance Disposal investigations), as well as offshore construction support services. NextGeo ended 2023 with a value of production amounting to €148.6 million and a net profit of €29.2 million.

CONTACT

EURONEXT GROWTH ADVISOR

ALANTRA EGA@alantra.com

+39 3346267243

INVESTOR RELATIONS

NEXT GEOSOLUTIONS

Giuseppe Maffia – Investor Relations Manager ir@nextgeosolutions.com

Vincenzo Marotti – Investor Relations ir@nextgeosolutions.com

INVESTOR RELATIONS

CDR COMMUNICATION

Vincenza Colucci – vincenza.colucci@cdr-communication.it Luca Gentili – luca.gentili@cdr-communication.it Giulio Garoia – giulio.garoia@cdr-communication.it

ISTITUTIONAL PRESS OFFICE

CDR COMMUNICATION

Angelo Brunello – angelo.brunello@cdr-communication.it Stefania Trevisol – stefania.trevisol@cdr-communication.it

Numero di Pagine: 4