Fugro has finalised the sale of its multi-client data library to Spectrum ASA, for a cash consideration of US$ 115 million (approximately EUR 100 million).

The multi-client library business has been non-strategic since the divestment of the majority of Fugro’s geoscience activities in 2013, and this transaction is consistent with Fugro’s strategy to focus on its geotechnical and survey activities going forward.

As a consequence, the multi-client data library activities will be deconsolidated as per 1 July 2015.

About FUGRO

Fugro creates value by acquiring and interpreting Earth and engineering data and by supporting its clients with the design, construction, installation, repair and maintenance of their infrastructure. Fugro works predominantly in energy and infrastructure markets offshore and onshore, employing approximately 12,500 employees in over sixty countries. In 2012 Fugro’s revenues amounted to € 2.2 billion, it is listed on NYSE Euronext Amsterdam and is included in the AEX-Index.

About Spectrum

Spectrum is an established pure-play Multi-Client services company. The company was initially founded in 1986 and was listed on the OSLO Axess exchange in 2008. In 2012 this listing was transferred to the Oslo Stock Exchange (OSE).

The Spectrum Group has built on the company’s reputation as a reliable seismic service provider and serves a global clientele. The Group provides innovative Multi-Client Services and high quality Seismic Imaging from regional offices in the UK, the USA, Norway, Singapore and Australia. The Spectrum Group also includes substantial regional processing centres in Cairo and Jakarta.

The group’s corporate vision is to deliver world leading Multi-Client Services and Seismic Imaging through persistence, dedication and commitment to quality.