Furgo Taps Heine as New CEO
Dutch offshore services company Fugro NV has appointed longtime employee Mark Heine as its next CEO and Chairman of the Board of Management. He succeeds Øystein Løseth, who has decided to resign after only several months in the role.Heine, who most recently served as director of Fugro's marine division, began his career at Fugro in 2000 as geodesist on various onshore and offshore survey projects. By 2002 he fulfilled several management roles in the survey division with increasing responsibilities. From 2012 he served as regional director Europe-Africa for the survey division. In
Boskalis Scales Back Holding in Fugro
Royal Boskalis Westminster N.V. announces that it has reduced its holding in Fugro N.V., an integrator of geotechnical, survey, subsea and geosciences services. Boskalis’ holding in Fugro now stands at 24.9 percent.
Fugro stops Divestment Process of Asia Pacific Subsea Services Business to Shelf Subsea
Fugro NV announced today that it has decided to no longer pursue the divestment of its subsea services business in Asia Pacific to Shelf Subsea. Fugro announced on 4 August 2016, that it had signed an agreement for the sale of its subsea services business in Asia Pacific to Shelf Subsea. Parties were unable to reach agreement on some closing conditions, following which Fugro has decided to no longer pursue the transaction. As a result, Fugro will retain the vessels, ROVs, other equipment and personnel related to the business. Fugro will not acquire an equity interest in Shelf Subsea
Boskalis Posts Highest Profit
, but the result of Smit Lamnalco lagged behind. Salvage had a good first half with various wreck removal projects and a substantial contribution to the result from the financial settlement from salvage projects executed in previous years. During the first half Boskalis increased its stake in Fugro N.V. by 5.2% to 25.1%. In accordance with IFRS this stake is recognized as an associated company as from 2015. Consequently, a positive revaluation result of EUR 28.5 million on the stake in Fugro is recognized in the Holding segment. At the end of the first half of the year the order book stood
Fugro Clarifies: Being an Independent Service Provider
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 independe
Boskalis Increases Holding in Fugro
Royal Boskalis Westminster N.V. informs it has increased its holding in Fugro N.V. to 25.1%, stressing that the move is not a step toward making an offer. “Boskalis views Fugro as an interesting company with strong market positions in its core activities,” the company said in a press release. Boskalis explained that its focused is on offshore and maritime infrastructure fits well with Fugro’s activities, and that 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
Boskalis Raises Stake in Fugro
Royal Boskalis Westminster N.V. (Boskalis) announced that it has increased its holding in Fugro N.V. to 20.01%, stressing that the move is not a step towards making an offer. Boskalis said views Fugro as “an interesting company with strong market positions in its core activities.” Boskalis noted that its strategy fits well with the activities of Fugro, adding that 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 Raises Full-year Profit Forecast
projects, the realized close-out result on a number of old dredging projects is a substantial contributor. In view of these developments Boskalis is raising its full-year net profit outlook to EUR 450 million. This does not include a possible impact related to the value of the recently acquired stake in Fugro. Operational developments The Dredging & Inland Infra segment achieved an exceptionally high result in the third quarter as a result of the aforementioned close-out effect. The results and margins on current projects were good across the board and are consistent with current market conditions
Survey Vessel Delivered to Fugro N.V.
Fugro Pioneer is the second of three vessels to be delivered to Fugro in 2014. Fugro has taken delivery of the second of the three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen. The Fugro Pioneer is a compact, survey ship capable of undertaking a wide range of survey, monitoring and inspection operations. The vessel is designed for a variety of survey and inspections duties including light geotechnical work, environmental baseline surveys, monitoring and inspection, and moon pool deployments. Diesel electric propulsion delivers excellent economy at all speeds. Fugro
February 2024
