Press releases

5th Dec 2016

Fugro stops divestment process of Asia Pacific subsea services business to Shelf Subsea

Fugro NV (Fugro) announces today it has decided to no longer pursue the divestment of its subsea services business in Asia Pacific to Shelf Subsea.

19th Oct 2016

Fugro successfully places EUR 190 million subordinated convertible bonds

Fugro N.V. (“Fugro”), the world’s leading, independent provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources, announces today the successful pricing of its offering (the "Offering") of EUR 190 million subordinated unsecured convertible bonds due 2021 (the "Bonds").

19th Oct 2016

Fugro announces offer of approximately EUR 150 million subordinated convertible bonds

Fugro NV (“Fugro”), the world’s leading, independent provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources, announces today an offer (the “Offering") of approximately EUR 150 million subordinated unsecured convertible bonds due 2021 (the “Bonds"), with an increase option of up to EUR 40 million.

19th Oct 2016

Q3 2016 trading update: Mid-single digit EBIT margin and good cash flow in continued difficult oil & gas market circumstances

The publication of this Q3 2016 trading update, originally planned for 31 October, has been brought forward to support the launch of a convertible bond (reference is made to separate press release), providing the market with full disclosure on ongoing trading conditions.

6th Oct 2016

Seabed Geosolutions secures continuity in the Middle East

Seabed Geosolutions, in cooperation with CGG, secured a new extension to its ongoing shallow water operations in the U.A.E.

4th Aug 2016

Fugro divests Asia Pacific subsea services business to Shelf Subsea

Fugro NV (Fugro) and Shelf Subsea Holdings UK Ltd (Shelf Subsea) announce today that they have signed an agreement under which Shelf Subsea will acquire the Fugro subsea services business in Asia Pacific for approximately EUR 14 million cash and a significant issuance of around 25% equity in Shelf Subsea to Fugro. With this divestment, Fugro takes another important step in its strategy to focus on its core survey and geotechnical business.

4th Aug 2016

Fugro HY 2016: Ongoing decline oil & gas market continues to impact results

Relentless focus on positive cash flow and strengthening market leading positions

15th Jul 2016

Fugro awarded Geotechnical site investigation contract by ONGC India

Fugro Survey (India) Pvt Ltd has been awarded a major offshore geotechnical site investigation contract for the KG-DWN-98/2 project on the East Coast of India. The value of this contract is approximately USD 26 million.

31st May 2016

Court of Appeal rules in favour of Fugro and dismisses Boskalis' claim

The Court of Appeal in The Hague today ruled in favour of Fugro and dismissed a claim by Boskalis to force a shareholders' vote on a non-binding recommendation in respect of one of Fugro's three protective measures. On 17 March 2015, the District Court of The Hague also ruled in favour of Fugro.

29th Apr 2016

Fugro shareholders adopt all resolutions at AGM

At today's Annual General Meeting, Fugro’s shareholders approved all resolutions.