Fugro enters Russian electromagnetic market

Fugro has agreed to acquire 60% of Electro Magnetic Marine Exploration Technologies for €10 million ($15.2 million).

Offshore staff

LEIDSCHENDAM, Netherlands –Fugro has agreed to acquire 60% of Electro Magnetic Marine Exploration Technologies for €10 million ($15.2 million). Fugro also has an option to purchase the remaining shares.

EMMET, with offices in St. Petersburg and Moscow, Russian Federation, develops and provides marine electromagnetic surveys. Fugro says it will augment this experience with its marine operations and navigation capabilities.

03/05/2008

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