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Boskalis acquires stake in Fugro

By: Lewis Holdsworth 10/11/2014 Boskalis

General

Royal Boskalis Westminster N.V. (Boskalis) has acquired a 14.8% stake
in Fugro N.V. Boskalis views Fugro as an interesting company with
activities that fit very well with its own activities. Boskalis wants to enter
into a dialogue with Fugro to explore possible options for cooperation.
Boskalis stresses that it has no intention to make an offer for Fugro.

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.

Peter Berdowski, CEO Boskalis
“Fugro is an attractive company with activities that fit together well with those
of Boskalis. For many years, we have worked together on numerous projects
throughout the world and there are strong similarities in the working
environment and culture. We would like to speak and explore with the
management of Fugro possibilities for cooperation. We support the recently
realigned strategy of Fugro, and do not intend to make an offer.”

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Boskalis acquires stake in Fugro

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