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| Fugro acquires Improv  Dutch engineering consultancy Fugro N.V. has reached agreement with Improv Ltd. (Aberdeen, UK) to acquire the company and its subsidiary Improv Inc. (Houston, USA) for a total amount of approximately GBP 5.8 million (EUR 8.6 million). Improv is a leading independent provider of specialised integrated tooling packages and tooling services to the subsea oil and gas industry. Its capability will provide synergistic benefits to Fugro's growing global ROV fleet of over hundred systems and will also provide additional subsea engineering design and build capabilities that can enhance the group's offshore geotechnical capabilities.Improv currently operates mainly in North Sea, Mediterranean, and West Africa with a growing business in Gulf of Mexico. It will be renamed Fugro Improv Limited and will form part of the survey Division of Fugro as an independent operating company under its existing management. write your comments about the article :: © 2007 Construction News :: home page |