Fugro acquires Geofor to strengthen its market position in Africa

Fugro acquires Geofor to strengthen its market position in Africa

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Gabon: Fugro has completed the acquisition of the Geofor Group based in Libreville (Gabon), Douala (Cameroon), Pointe Noire (Republic of Congo) and São Tomé City (São Tomé) to strengthen its presence in the Central Africa region and the French speaking African countries.

Geofor is an onshore/near-shore geotechnical company which delivers drilling services and has engineers and geologists in the fields of geotechnical consulting, hydrology, and land survey. The company was established in 1989 and has over 25 years of experience working in most countries in Africa. In addition to its widespread presence in the region via its offices, Geofor has significant working experience in Niger, Chad and Equatorial Guinea.

The client base includes major oil & gas companies and key mining clients. In addition, Geofor is active in infrastructure and water supply projects. The company generated revenues of about EUR 25 million in 2013 and employs around 600 people.

This acquisition further bolsters Fugro’s growth strategy in Africa. Combined with the recent acquisition of Earth Resources in South Africa and its newly established offices in Angola, Mozambique, Tanzania and Uganda, Fugro is building a strong presence in Africa.

Source: Fugro