Boskalis has strengthened its position in the marine geophysical and geotechnical survey market after acquiring the remaining 37.5% in the Horizon Group after buying 62.5% of the shares earlier this year.
Boskalis has strengthened its position in the marine geophysical and geotechnical survey market after acquiring the remaining 37.5% in the Horizon Group after buying 62.5% of the shares earlier this year.
Horizon will continue to focus on its traditionally strong market position in the Middle East and northwest Europe and pursue opportunities to expand into the emerging offshore wind market in the Far East. Boskalis said that Horizon’s current activities make it ‘highly complementary’ to the position already held by Boskalis through Gardline in northwest Europe and on the east coast of the US.
Horizon was founded in 2004 and is located in Sharjah in the United Arab Emirates. Its activities are largely based in the Arabian Gulf and the Red Sea. Its 2019 revenues are expected to exceed $100 million.
Its clients range from oil and gas companies and EPCI contractors as well as offshore wind farm developers.
