Boskalis Increases Its Stake in Fugro
Following the press release issued last Friday, Royal Boskalis Westminster N.V. (Boskalis) announced that it has fractionally increased its stake in Fugro N.V. to 15.0%.
Boskalis views Fugro as an interesting company with activities that fit very well with its own activities.
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 reiterates that it has no intention to make an offer for Fugro.