Royal Boskalis Westminster N.V. (Boskalis), a Dutch dredging and maritime services company, has increased its holding in Fugro N.V. to 20.01%.
Boskalis has stressed that this is not a step towards making a takeover offer, adding that it views Fugro as an interesting company with strong market positions in its core 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 said in a statement issued on Friday.
In response to the Boskalis announcement, Fugro said that the stake building by Boskalis is unsolicited and unexpected.
“Fugro reiterates it highly values its position as the world leading independent geotechnical and survey services and data provider, which is core to Fugro’s strategy,” the company said.
Offshore Energy Today Staff