Fugro

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Fugro N.V.
Naamloze vennootschap
Traded as EuronextFUR
Industry Energy, geomatics, engineering
Founded 1962
Headquarters Leidschendam, Netherlands
Key people
Paul van Riel (Chairman of the Board of Management/CEO)
Harrie L.J. Noy (Chairman of the supervisory board)
Products Geotechnical, geomatics, surveying, subsea and geoscience services
Revenue 2.6 billion (2014)[1]
267 million (2013)[2][3]
Profit 219 million (2013)[2][3]
Total assets 3.63 billion (2013)[2][3]
Total equity 2.11 billion (2013)[2][3]
Number of employees
13,537 (2014)[1]
Website www.fugro.com
Fugro headquarters in Leidschendam, Netherlands

Fugro N.V. is a Dutch multinational public company headquartered in Leidschendam, the Netherlands, that provides geotechnical, survey, subsea, and geoscience services for clients, typically oil and gas, telecommunications cable, and infrastructure companies.

Fugro’s 2014 revenues amounted to 2.6 billion; it is listed on NYSE, Euronext Amsterdam, and is included in the AEX index.[4] It has approximately 13,500 employees in over 70 countries. Paul van Riel is CEO and Chairman of the Board of Management and Harrie L.J. Noy is Chairman of the Supervisory Board.[1]

History[edit]

Kees Joustra founded Fugro on 2 May 1962 as Ingenieursbureau voor Funderingstechniek en Grondmechanica, Dutch for "Engineering Company for Foundation technology and Soil Mechanics". In the wake of the 1970s energy crisis the offshore business came to a standstill. This resulted in the acquisition of its main competitor, McClelland, into Fugro-McClelland in October 1987. Fugro has since vigorously pursued an active acquisition policy in order to obtain cutting-edge technology and increase its market share.[5]

In April 1992, Fugro went public on the Amsterdam Stock Exchange. In 2003, Fugro bought Thales Geosolutions for €147.5 million, its largest acquisition to date.[6] In September 2012, CGGVeritas acquired Fugro’s Geoscience Division for €1.2 billion.[7]

In June 2014 the Australian Transport Safety Bureau (ATSB) awarded Fugro the contract to conduct the search for Malaysia Airlines Flight 370, which disappeared on 8 March 2014. In August 2014 it awarded an additional contract for the deployment of two specialist vessels.[8] The contract is worth AUD$39 million and lasts until August 2016. Fugro has around 200 employees and 3 search vessels dedicated to the search for MH370.[9][10]

In January 2015, Royal Boskalis Westminster increased its shareholdings in Fugro to 20.1%.[11]

Organization[edit]

Fugro is divided into three major business lines across five regions.[12] Each region is assigned a regional manager, who works with counterparts to develop regional strategies and improve collaboration across the regional lines. This regional model is intended to standardize company practices regarding health, safety, environment, project management, and finance.

Regions[edit]

  • Americas
  • Europe
  • Middle East and India
  • Asia, Pacific and Australia
  • Africa

Business lines[edit]

Fugro has three major business lines:[13]

In 2014, surveying accounted for the largest portion of Fugro's revenue (34%), followed by geotechnical (30%), and subsea services (24%). It also has a geosciences joint venture with CGG, which accounted for 12% of Fugro's revenue in 2014.[1]

Fugro also operates the Starfix and Skyfix DGNSS systems, providing correction information to GPS and GLONASS navigation and survey systems. These systems are also called Seastar (for dynamic positioning) and Omnistar (for land).

Ships[edit]

Fugro owns, operates or co-operates 24 survey ships,[17] 19 ships for subsea work,[18] and 10 geotechnical vessels.[19]

These include:

Innovations[edit]

  • 1964 – Electric cone penetration[20][21][22]
  • 1976 – WISON/WIP XP cone penetration test[23]
  • 1986 – Starfix satellite positioning[24][25]
  • 2012 – Inclinocam[26]

See also[edit]

References[edit]

  1. ^ a b c d "Fugro in Figures". Fugro. Retrieved 8 April 2015. 
  2. ^ a b c d "Fugro Annual Report 2013 (interactive website)". Fugro N.V. 
  3. ^ a b c d "Fugro Annual Report 2013" (PDF). Fugro N.V. 
  4. ^ "Company profile – Fugro". NYSE Euronext. 27 September 2012. Retrieved 27 September 2012. 
  5. ^ "Our History and Timeline". Fugro. Retrieved 8 April 2015. 
  6. ^ Fugro set to acquire Thales GeoSolutions?, Dredging News Online, 25 July 2003
  7. ^ Transforming CGGVeritas into a Leading Integrated Geoscience Company, CGGVeritas.com, 24 September 2012
  8. ^ Edward Johnson; Fred Pals (August 5, 2014). "Fugro Wins Order to Scour Ocean for Vanished Malaysia Jet". Bloomberg Business. 
  9. ^ Fickling, David (April 8, 2015). "Malaysian Air Team Hunts Missing Jet, Believing ‘Today’s the Day’". Bloomberg Business. 
  10. ^ Fickling, David (March 1, 2015). "MH370 Search Funds Debate Set for April as No Debris Seen". Bloomberg Business. 
  11. ^ "Boskalis now owns 20% in Fugro", OffshoreEnergyToday.com, 12 January 2015
  12. ^ "Team Fugro" (PDF). Fugro, NV. Retrieved 17 February 2014. 
  13. ^ "Capital Markets Day 2013". Fugro, NV. Retrieved 17 February 2014. 
  14. ^ Rainey, Scott. "Highlights Geotechnical Division, 2013" (PDF). Fugro, NV. Retrieved 17 February 2014. 
  15. ^ Heine, Mark. "Highlights Survey Division, 2013" (PDF). Fugro, NV. Retrieved 17 February 2014. 
  16. ^ Thomson, Steve. "Highlights Subsea Division, 2013" (PDF). Fugro, NV. Retrieved 17 February 2014. 
  17. ^ "Survey vessels". Fugro. Retrieved 11 April 2015. 
  18. ^ "Subsea vessels". Fugro. Retrieved 11 April 2015. 
  19. ^ "Geotechnical vessels". Fugro. Retrieved 11 April 2015. 
  20. ^ Mayne, Paul (2007). Cone Penetration Testing. Transportation Research Board. p. 13. ISBN 9780309097840. 
  21. ^ "Cone Penetrometer Comparison Testing" (PDF). Wisconsin DOT. 
  22. ^ Roy E, Hunt (2012). Geotechnical Investigation Methods. ISBN 9781420042740. 
  23. ^ "WISON/WIP XP" (PDF). 
  24. ^ O'Boyle, Edward J. (1988). Personalist Economics: Moral Convictions, Economic Realities, and Social Actions. Springer US. p. 92. ISBN 0792381467. 
  25. ^ "STARFIX: commercial satellite positioning". IEEE. 
  26. ^ "CrossSECTION 23" (PDF). 

External links[edit]