GeoSea Swoops On G-tec

GeoSea, part of DEME Group, has acquired a 72.5% stake in G-tec, the Belgium-based contractor specialized in offshore geotechnical and geological site investigations, marine geophysical and environmental surveys and deepsea engineering services.

The remaining 27.5% stake in G-tec is owned by Sociéte Régionale d’Investissement de Wallonie (SRIW).

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

The company has a consolidated turnover of around EUR 20 million and operates in the markets of offshore renewables, oil & gas, civil works and offshore mining, DEME said.

DEME says  G-tec’s specialised activities and know-how are a strategic fit which will enable the group ”to further reinforce its fully integrated services to the offshore renewables, oil & gas, civil engineering and offshore mining market.”

Geotechnical investigation from the GeoSea jack-up vessels is already part of the current offering, DEME said.