Fugro Clarifies: Being an Independent Service Provider

 

Fugro has taken notice of the press release from Boskalis of Friday evening, 20 March 2015, that it has increased its holding in Fugro N.V. to 25.1%.

The further stake building by Boskalis, a construction and installation contractor, remains unsolicited and unexpected. Fugro notes that Boskalis continues to state that its increased holding is not a step towards making an offer for Fugro.

Fugro reiterates that it highly values its position as the world's leading independent geotechnical and survey data and services provider, which is core to Fugro's strategy.

Fugro operates as independent consulting engineer, providing essential earth and engineering data, information and advice to a broad range of clients. Clients use the data, information and advice provided by Fugro amongst others to determine and optimise their choices for their construction and installation work.

This makes Fugro's position highly sensitive to conflicts of interest in particular in relation to construction and installation contractors. Hence Fugro does not agree with the statement by Boskalis' statement that Fugro's activities “fit very well” with Boskalis. Fugro can only maintain its current market leading positions if it remains an independent service provider.

Fugro also refers to its press releases of 7 and 10 November 2014 and 9 January 2015.