Fugro Acquisition Strengthens Middle East Operations
Netherlands' based Fugro has agreed to acquire DCN Global LLC (‘DCN Global’), a company specialising in the provision of subsea engineering and diving services to the offshore civil and oil & gas industry, primarily in the Middle East.
Fugro says that over the last four decades it has firmly established itself as the leading player in the offshore survey and geotechnical markets in the Middle East. In addition, the company provides underwater support to oil and gas companies with a modern fleet of ROVs (remotely operated vehicles). To an increasing extent, our clients in this region combine their ROV and diving inspection needs into a single contract. With the acquisition of DCN Global, Fugro significantly strengthens its ability to offer an integrated offshore service package of survey, geotechnical and IRM (inspection, repair and maintenance) services.
DCN Global, headquartered in Abu Dhabi, began in 2010 and has an excellent track record based on its engineering capabilities and the quality of its staff. The company employs 39 people onshore and has up to 170 contract staff offshore at any one time. Fugro has already cooperated with the company on joint projects for the past two years.
DCN Global will move its activities to Fugro’s offices before the end of this year. The current management team will stay on to continue to work for Fugro.