Fugro

Fugro Overview

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Founded: 1962

Workforce: ~10,265

Company Working: Fugro is one of the leading providers of geo-intelligence and asset integrity solutions for construction, natural resources, and infrastructure. It provides information and technical data required to design, construct, and maintain structures. The company operates through three business segments—marine, land, and geoscience. The marine segment includes marine site characterization and marine asset integrity. Fugro caters to industries such as oil & gas, power, building and infrastructure, and mining.

The company has 40 laboratories, 16 research & development centers, and 32 consulting services with a presence in over 65 countries. William Lettis & Associates, Inc., Fugro GeoServices Limited, Fugro Survey BV, and Maps Geosystems are some of the subsidiaries of the company.

Strategy

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Company Snapshot

$1,872M

Revenue

10,265

Employees

1962

Founded

Leidschendam, Netherlands

Headquarters

SWOT Analysis

Strengths

Diverse service portfolio
Wide global customer base
Extensive distribution network

Weaknesses

Limited investments in research & development

Opportunities

Mergers & acquisitions
Expansion opportunities in Latin America and Middle East & Africa

Threats

Fluctuating currency exchange rate

Key Developments

Date	Approach	Development
April 2018	Contract	Fugro signed a contract with seafloor mineral exploration company, Nauru Ocean Resources Inc. (NORI), a subsidiary of DeepGreen Metals Inc. to reform detailed site characterization surveys in the deep waters of the eastern Pacific Ocean. The contract helped it to increase its financial position in the global AUV market

Product Offering

Fugro
- Offshore Pipelines
- Deepwater Survey
- Autonomous Underwater Vehicle (AUV) used for survey

Financial Performance

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