Boskalis Buys Gardline
Royal Boskalis Westminster has acquired all shares of the Gardline Group (Gardline).
The UK based company’s main activities include marine geophysical surveys, offshore geotechnical services and environmental surveys.
With the acquisition Boskalis fulfils its strategic ambition to build a position in the offshore survey market and becomes a specialist provider of subsea geotechnical surveys with an exposure to the renewables market and the early cyclical oil and gas market, the company explained.
Gardline operates 15 survey related vessels in addition to 25 smaller vessels including crew transfer vessels and survey catamarans.
The consideration paid including assumed debt amounts to approximately GBP 40 million.
The current annual revenue level is approximately GBP 60-70 million.