Boskalis Acquires Stake in Fugro
- Business & Finance
Royal Boskalis Westminster N.V., a leading global maritime services company operating in the dredging and inland infra, and offshore energy sectors, has acquired a 14.8% stake in Fugro N.V.
Boskalis views Fugro as an interesting company with activities that fit very well with its own activities. The company wants to enter into a dialogue with Fugro to explore possible options for cooperation.
Boskalis stresses that it has no intention to make an offer for Fugro.
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.
Peter Berdowski, CEO Boskalis, said: “Fugro is an attractive company with activities that fit together well with those of Boskalis. For many years, we have worked together on numerous projects throughout the world and there are strong similarities in the working environment and culture. We would like to speak and explore with the management of Fugro possibilities for cooperation. We support the recently realigned strategy of Fugro, and do not intend to make an offer.”