Dutch company Boskalis is expanding its marine survey business to the Middle East, having acquired a 62.5% majority stake in the Horizon Group, a UAE-based provider of marine geophysical surveys and geotechnical services.
Horizon operates seven large survey vessels, of which three are on a long term charter, in addition to five smaller survey vessels and two jack-up platforms.
“Through this transaction, we are adding an important strategic position to our existing marine survey and subsea geotechnical business. Horizon is a market leader in the Middle East and we are committed to continuing and expanding the high quality of services they deliver to their clients. Furthermore, Horizon with its strong market position in the Middle East, makes this addition highly complementary to the position we hold through Gardline in Northwest Europe,” said Peter Berdowski, CEO of Boskalis.
Boskalis acquired Gardline in 2017 to initially enter the offshore survey market.
Good and informative!