GMG Acquires Fugro’s Trenching, Cable Laying Business
in which cable installation services are complemented with long-term telecom cable and wind farm maintenance services and sales of subsea telecom systems. In addition, Fugro will become the preferred provider of marine site characterization and asset integrity services to GMG. Fugro CEO, Paul van Riel, said, “A key objective of Fugro’s ‘Building on Strength’ strategy is to seek a partnership or divest our construction and installation related marine activities. We have taken a major step forward in delivering on this strategic objective by contributing our trenching
MTR100: Fugro
Echoscope Sonar is an advanced multibeam echosounder that can provide a wide area, real-time visualization of subsea operations in zero visibility. Veurse Achterweg 10, Leidschendam, Netherlands 2264 SG Phone: +31 (0)70 311 1422 Email: [email protected] www.fugro.com CEO/President: Paul van Riel Number of Employees: 12,000 Annual Sales: $2,667,000,000.00 (As published in the July/August 2016 MTR100 edition of Marine Technology Reporter
Fugro to Divest its Multi-Client Data Library to Spectrum
and survey activities going forward. The multi-client library consists of high quality seismic data in support of oil and gas exploration. The database contains about 1.6 million kilometres of 2D and over 140,000 square kilometres of 3D seismic data, with a focus on Australia and Norway. Paul van Riel, CEO: “We are pleased with the agreement reached with Spectrum. This divestment is a logical consequence of our strategic decision, as communicated in February this year, to focus on our core activities, where we have market leading positions. The proceeds of the transaction will be applied
Fugro Invests in Ireland Photonics R&D Centre
Through FAZTech Research Ltd, a company majority owned by Fugro, a photonics R&D centre has been built up in Dublin which has quickly grown to currently employ around 25 staff. A Fugro senior management team led by Fugro’s CEO Paul van Riel met with Irish Minister Joan Burton TD and senior management of the Irish Development Agency led by CEO Barry O’Leary to discuss Fugro’s investment programme to create an R&D facility in the Republic of Ireland. The company expects rapid development in the area of optical and photonic technology for sensing and measurement applications
February 2024
