The Global Marine Group (GMG) on Friday (December 1) announced the complete acquisition Fugro N.V.’s trenching and cable lay services business. The transaction provides GMG with capable and proven assets, including 23 employees located in Aberdeen, that have a successful track record of delivering complex subsea engineering projects to offshore customers globally.
“The Fugro acquisition significantly enhances GMG’s portfolio of service offerings to the market, with a comprehensive range of integrated services that enables the firm to complete additional packages of work in direct response to market demands,” the company informed in a press statement from Chemlsford.
The M/V Symphony, a 2011-built multi-purpose vessel, recently joined GMG’s cable installation and maintenance fleet. In addition, GMG has added two powerful Q1400 trenchers and two work class remotely operated vehicles to its offering. As part of this transaction, Fugro will become the preferred provider of marine site characterisation and asset integrity services to GMG.
Ian Douglas, Chief Executive Officer of GMG said that the acquisition will meet GMG’s customer’s needs as well as strengthen the company’s market position in offshore power. “I’m delighted to welcome on board such a well-respected group of people led by Mike Daniel, and I look forward to seeing the contribution they will make to the Global Marine Group over the coming months,” Douglas added.
GMG is an industry major in providing offshore engineering services to telecommunications, renewables and oil and gas industries. The company has successfully completed the trenching of the export cable and inter array cables on the world’s first floating wind farm, Hywind Scotland, off the coast of Aberdeenshire.
Manager of GMG’s Trenching and Cable Services business, Mike Daniel said, “We have an excellent track record in the offshore renewables and oil and gas sectors. As a team, we have been involved in the installation of more than 470 power cables, recently completing the installation of 122 cables at the Rampion Offshore Wind Farm.
