Boskalis Snaps Up Horizon
- Business & Finance
Boskalis has acquired the remaining 37.5% in the UAE-based survey specialist Horizon.
The acquisition follows the deal from earlier this year when Boskalis acquired 62.5% of the shares in Horizon.
The 2019 revenue is expected to exceed USD 100 million and the activities will be consolidated as of 2020.
Following this transaction, Boskalis believes it will be able to optimize its position in the marine geophysical and geotechnical survey market.
Horizon will continue to focus on its market position in the Middle East and Northwest Europe with opportunities to expand into the emerging offshore wind market in the Far East making it highly complementary to the position already held by Boskalis through Gardline in Northwest Europe and on the East Coast of the United States.