• Careers
  • Fugro Global
  • Global

Fugro Acquires TSmarine (Australia)

Fugro N.V. has acquired TSmarine Group Holdings Pty Ltd (TSM) and its subsidiaries.

02 Mar 2011  
Perth, Australia

TSM, with its headquarters in Perth Australia and subsidiaries in Singapore, Labuan (Malaysia) and Aberdeen (UK), is a specialist provider of subsea construction, IRM (inspection, repair and maintenance) and light well intervention. The company operates ROV (Remotely Operated Vehicle) and diving services and has four high specification chartered vessels in its fleet. It is primarily focused in the Asia-Pacific region, where it will enhance Fugro’s existing presence, but has also recently established an office in UK to develop services in Europe-Africa.

TSM’s revenues amount at present to over US$ 120 million per annum and show strong growth, as fleet capacity was recently extended to four vessels, all on charter. The company has 70 permanent office-based professional staff and has up to 100 contract staff at any one time.

The combination of Fugro’s existing strength and its global network with TSM’s business will lead to substantial synergies and will enable Fugro to strengthen its subsea services business in support of the offshore oil and gas industry, with a particular focus on Asia-Pacific and Europe-Africa.

TSM will be renamed Fugro-TSM and will be part of Fugro’s Subsea Services Business Line. TSM management will continue to work in Fugro.

For more information

Media

Edward Legierse
Contact

+31 (0) 70 31 11147

Investors

Catrien van Buttingha Wichers
Contact

+31 (0) 70 31 15335

 

Share this page

Learn about Fugro

Case studies

Explore our global expertise in this collection of real-world projects where we illustrate solutions for clients across many industry sectors.

More Information

Fugro World

Regular articles from our people that provide insight and thought leadership into industry challenges, technologies and projects.

More Information

News releases

Catch up on the latest news and project awards to get an insight into our diverse range of services and the sectors we operate in.

More Information

Keep up to date with the latest news and stories from Fugro, direct to your inbox