GeoSea Acquires Majority Stake in Belgian G-tec

GeoSea, part of DEME Group, has acquired the majority of the shares of G-tec, the Belgium based contractor specialized in offshore geotechnical and geological site investigations, marine geophysical and environmental surveys and deepsea engineering services.

GeoSea acquired a total of 72,5 % shares in G-tec.

The other shares are owned by Sociéte Régionale d’Investissement de Wallonie (SRIW).

G-tec was founded in 1993, and currently employs over 40 staff. The company owns the offshore geotechnical investigation vessel ‘Omalius’.

GeoSea does not expect the transaction to have immediate large effects on its results., the company said.

Share this article

Follow Subsea World News

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

Arabia 2018 Conference and Exhibition

Offshore Arabia is a focused prestigious meeting place of the Offshore Industry, and it’s diverse spectrum from the Oil & Gas…

read more >

Decommissioning & Abandonment Summit 2018

In 2018 hot topics include emerging technologies in well P&A, BOEM’s ongoing work to review NTL 2016-N01, international operator case studies…

read more >

International Petroleum (IP) Week 2018

International Petroleum (IP) Week, hosted by the Energy Institute (EI) is a renowned and highly respected event where leaders from the global…

read more >

Submarine Networks Europe

Over two days Submarine Networks Europe brings together the executives developing the strategy…

read more >