Independent journal on economy and transport policy
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English GMG will buy the activities of the Fugro in the field of puts down and shearing of cables submarines
The transaction will have a value of about 73 million dollars
October 13, 2017
Global Marine Systems Ltd. , branch of Global English Marine Group (GMG), has signed an agreement in order to buy the activities of the Dutch group Fugro in the field of puts down and shearing of cables submarines. The transaction previewed, of the value of about 73 million dollars, will include the cession by the GMG of 23.6% of vital own to a branch of the Fugro group, for a value of 65 million dollars, let alone the payment within a year by the GMG of 7,5 million dollars to the Fugro.
The acquisition will comprise the transfer to the GMG of 23 employed dependent of the Fugro to Aberdeen, the ship multipurpose Symphony and other means.
In the 2016 this branch of activity of the Fugro it has generated revenues pairs to 31 million euros.
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Global Marine Systems Ltd. , branch of Global English Marine Group (GMG), has signed an agreement in order to buy the activities of the Dutch group Fugro in the field of puts down and shearing of cables submarines. The transaction previewed, of the value of about 73 million dollars, will include the cession by the GMG of 23.6% of vital own to a branch of the Fugro group, for a value of 65 million dollars, let alone the payment within a year by the GMG of 7,5 million dollars to the Fugro.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
