• Careers
  • Fugro Global
  • Global

Fugro closes first part of the sale of Global Marine

Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2) about the completion of the sale of the first part of Global Marine Group (GMG), resulting in USD 37 million net proceeds for Fugro.

02 Mar 2020   13:00 CET
Leidschendam, the Netherlands

A subsidiary of Global Marine Holdings, LLC, in which Fugro holds a 23.6% equity interest, has sold 100% of GMG to an investment affiliate of J.F. Lehman & Company, LLC. This transaction was announced on 30 January 2020.

Mark Heine, CEO: “I am pleased with the closing of this transaction. The proceeds will be used to reduce our outstanding debt position. It will enable us to focus on our core business and deliver on our Path to Profitable Growth strategy.

This transaction excludes the previously announced sale of GMG’s 49% joint venture with Huawei Marine Networks Co. of which the 30% tranche is expected to also close in the first quarter of 2020.


For more information


Serge van de Ven

+31 (0) 70 31 11129


Catrien van Buttingha Wichers

+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