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    Fugro acquires Svitzer's seismic and survey operations

    News // June 20, 2003
    Fugro NV has announced that it has entered into an agreement with A/S Em Z Svitzer, Copenhagen, Denmark to acquire Svitzer Ltd (Great Yarmouth, UK) and Svitzer Surveys (Esbjerg, Denmark).

    Svitzer is a leading provider of geophysical survey services. The company currently operates three dedicated survey vessels.

    Svitzer employs 110 staff and had a turnover of 19.5 million in 2002. The acquisition meets Fugro's expanding need for dedicated survey vessels, and will strengthen Fugro's existing businesses in Aberdeen and Norwich and continue the company's provision of geophysical survey and associated services throughout Europe, Africa, Mediterranean and the Middle East.

    The activities of Svitzer will be merged with Fugro Survey Ltd in Aberdeen and Fugro-UDI Ltd, forming a single operating company which will operate under the name Fugro Survey Ltd.

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