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Fugro Acquires Geofor to Strengthen its Market Position in Africa

Source: www.gulfoilandgas.com 7/1/2014, Location: Not categorized

Fugro has completed the acquisition of the Geofor Group based in Libreville (Gabon), Douala (Cameroon), Pointe Noire (Republic of Congo) and Sao Tome City to strengthen its presence in the Central Africa region and the French speaking African countries. In addition to its longer established offices, Geofor has significant working experience in Niger, Chad and Equatorial Guinea.

Geofor is an onshore/ nearshore geotechnical company which delivers drilling services and has highly specialised engineers and geologists in the fields of geotechnical consulting, hydrology, and land survey. The company was established in 1989 and has over 25 years of experience working in most countries in Africa. The client base includes major oil & gas companies and key mining clients. In addition, Geofor is active in infrastructure and water supply projects. The company generated revenues of about EUR 25 million in 2013 and employs around 600 people.

This acquisition represents a further milestone in Fugro’s growth strategy in Africa. Combined with the recent acquisition of Earth Resources in South Africa and its newly established offices in Angola, Mozambique, Tanzania and Uganda, Fugro is building a strong presence and leadership position in Africa for its services.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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