Fugro acquires Earth Resources to strengthen its capabilities in the mining industry
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Fugro has completed the acquisition of Earth Resources (Pty) Ltd, based in Johannesburg, South Africa to further its presence in Southern Africa and strengthen its capabilities in the mining industry.
Earth Resources is a drilling contractor providing highly specialized exploration drilling for mining operations as well as water wells and geotechnical drilling. The company has a fleet of 18 modern drilling rigs suited to drill boreholes for gold, platinum and coal exploration to depths of several thousand meters. Besides South Africa, Earth Resources frequently operates in Botswana, Namibia, Zambia and Mozambique, and a number of other African countries. The company is widely acknowledged as a provider of high quality and innovative drilling solutions for the mining industry, and serves nearly all the major mining companies.
The company generated revenues of about EUR 5 million in 2013 and employs some 120 people. The acquisition of Earth Resources will complement the existing drilling services, strengthen Fugro’s position in Southern Africa and enables them to offer a broader range of services to the mining industry. Earth Resources will become part of Fugro’s Africa region and, together with the existing Fugro OpCos in this region, will be responsible for the Group’s future growth in Africa.
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