2015-03-21

BY MIKE SCHULER ON MARCH 20, 2015

Dutch maritime services provider Royal Boskalis Westminster has once again increased its holding in Fugro N.V., but again insists that is not a step towards making an offer for the company.

Boskalis’ holding in Fugro now stands at 25.1%.

“Boskalis views Fugro as an interesting company with strong market positions in its core activities,” Boskalis said in a statement announcing the increased stake.

“The strategy of Boskalis is focused on offshore and (maritime) infrastructure, making use of the combination of high end know-how and maritime assets. This fits very well with the activities of Fugro. The two companies have a lot in common in the area of assets, knowledge, capital intensity, global coverage, client base and are both global leaders in niche markets.”

Boskalis originally purchased a 14.8 percent stake in Fugro in November 2013 and later upped its to 20.01% in January 2015.

Headquartered in Leidschendam, the Netherlands, Fugro is a global group of companies that provides geotechnical, survey, subsea and geoscience services. The company has a presence in over 60 countries with close to 250 offices.

Fugro’s resources include

51 vessels;

26 aircraft;

97 CPT trucks;

261 onshore and 17 offshore rigs;

30 jack-up platforms;

12,591 employees;

35 laboratories;

9 autonomous underwater vehicles (AUVs);

150 remotely operated vehicles (ROVs);

40 diving systems;

2,226 nodes;

and 61 nearshore craft, according to its website.  SOURCE: gCaptain

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