GeoSea Acquires Majority Stake in Belgian G-tec
- Project & Tenders
GeoSea, part of DEME Group, has acquired the majority of the shares of G-tec, the Belgium based contractor specialized in offshore geotechnical and geological site investigations, marine geophysical and environmental surveys and deepsea engineering services.
GeoSea acquired a total of 72,5 % shares in G-tec.
The other shares are owned by Sociéte Régionale d’Investissement de Wallonie (SRIW).
G-tec was founded in 1993, and currently employs over 40 staff. The company owns the offshore geotechnical investigation vessel ‘Omalius’.
GeoSea does not expect the transaction to have immediate large effects on its results., the company said.