FUGRO has acquired TSmarine Group Holdings and its subsidiaries for an undisclosed amount to strengthen its subsea services, with a particular focus on Asia-Pacific and Europe-Africa.
Fugro said TSmarine will be renamed Fugro-TSM, and will become part of Fugro’s subsea services portfolio. The firm’s management team will transfer to the new parent. TSmarine is headquartered in Perth, Australia. It has subsidiaries in Singapore, Labuan (Malaysia) and Aberdeen (UK). It is a provider of subsea construction, IRM and light well intervention.