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Mon May 27 2024

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Fugro completes Turkish and Canadian acquisitions

20 Jun 11 Fugro has finalised the acquisition of Sial Geosciences Consulting and Engineering Şti in Turkey and the seismic processing business of Kelman Technologies in Canada.

Sial is a Turkish geotechnical consultant whose clients are large infrastructure construction companies and the government. Fugro has previously cooperated with Sial, most recently on the geotechnical and geological data acquisition for the Izmit Bay Bridge. Sial will continue as Fugro Sial Sti and is expected to expand on basis of the strong infrastructure market in Turkey. Current annual revenues of Sial are around €1.5m (£1.32m). The company has its head office in Ankara and a support office in Istanbul and employs about 20 staff.

Fugro announced last month that it had reached agreement in principle with Canada-based Kelman Technologies to acquire their seismic processing business. This transaction has now been completed.
 

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