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| Fugro acquires Riise Underwater Engineering AS in Norway Dutch engineering consultancy Fugro NV has reached agreement with Riise Underwater Engineering AS to acquire the company. The acquisition is expected to take effect from the end of this year on completion of some outstanding formalities. Riise Underwater Engineering AS (RUE), with its headquarters in Haugesund, Norway, is a provider of subsea engineering, ROV (Remotely Operated Vehicle) and diving services offshore and inshore to the oil and gas industry. Specialised in IRM (inspection, repair and maintenance) and subsea construction support, RUE currently operates 2 specially designed vessels in West Africa and one inshore vessel in Norway with both work class and observation class ROVs and a number of modular diving systems. RUE will be renamed Fugro-RUE AS and will be part of Fugro's Subsea Services Business Line. RUE management will continue to work in Fugro-RUE. write your comments about the article :: © 2010 Construction News :: home page |