Boskalis Acquires Stake in Fugro

Royal Boskalis Westminster N.V. has acquired a 14.8% stake in Fugro N.V.

Boskalis said it views Fugro as an interesting company with activities that fit very well with its own activities, adding that it wants to enter dialogue with Fugro to explore options for possible cooperation. The company stressed, however, that it has no intention to make an offer for Fugro.

"Fugro is an attractive company with activities that fit together well with those of Boskalis,” said Peter Berdowski, CEO 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."