Scandoil  

Fugro acquires TSmarine (Australia)


Published Mar 4, 2011
[an error occurred while processing this directive]

Edit page New page Hide edit links

TSMarine Pty Ltd

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

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.

Tags: Furgo, TSMarine Subsea Ltd




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us

 

sitemap xml