Fugro Acquires JDR Cable Systems
2011-05-02 10:00:50 - Hydro International
Fugro has reached agreement with JDR Cable Systems (Netherlands) Ltd to acquire JDR Cable Systems Holdings Netherlands BV and its marine cable subsidiary JDR Cable Systems BV, together comprising JDRÂ’s Marine Cables division. Current annual revenues of the company are in the order of Euro 25 million. The division will be renamed to De Regt Marine Cables.
JDR Marine Cables designs and produces special marine cablesfor oil and gas (subsea lead-in cables, array cables, control cables),geophysical (airgun umbilicals, lead-ins) and defense (towed arrays) marketsegments. The facility is based close to Rotterdam in the Netherlands, and thedivision has around 110 employees. The division will operate as an independentunit and aims to further develop its current range of products and services andto continue the supply to all its clients.
