Boskalis has completed the acquisition of marine survey company Horizon Group.
The Dutch contractor acquired the remaining 37.5% shareholding, having already held 62.5% of the company.
Boskalis said 2019 revenue is expected to exceed $100m and activities in the new outfit will be consolidated as of 2020.
The deal will allow the parent to “optimise its successful and expanding position in the marine geophysical and geotechnical survey market”.
“Horizon will continue to focus on its traditionally strong market position in the Middle East and Northwest Europe with opportunities to expand into the emerging offshore wind market in the Far East making it highly complementary to the position already held by Boskalis through Gardline in Northwest Europe and on the East Coast of the United States,” added a company statement.
Horizon was established in 2004 and is located in Sharjah in the United Arab Emirates. Existing clients include offshore wind farm developers.