Next Geosolutions completed offshore vessel acquisition

Next Geosolutions Europe, a marine geosciences and offshore construction support services company, has completed the acquisition of the offshore vessel Deep Helder from the Dutch company SeaMar Subsea BV.

Renamed NG Surveyor, the vessel will be utilized for geophysical, geotechnical, environmental, and UXO (unexploded ordnance) survey activities.

The NG Surveyor is a ship built in 2014, with 64.8 meters long, 15.8 meters wide, and features a 500 m² deck space. Equipped with a dynamic positioning class II (DP2) system, it can accommodate up to 48 personnel.

Following the vessel’s delivery, NextGeo will undertake refitting work to install high-specification equipment, including 3 multibeam echosounders (MBS), a sub bottom profiler (SBP), and an acoustic positioning system (USBL).

The total investment for the acquisition of the NG Surveyor amounts to €21m (of which €3.15m was already deposited in escrow), NextGeo said, in addition to approximately €4m for the purchase and installation of the equipment.

The acquisition of the NG Surveyor is part of the company’s growth and expansion plans, aimed at strengthening the fleet and meeting the increasing demand in the offshore sector.

Giovanni Ranieri, CEO of NextGeo, said: “The completion of this acquisition, announced during our IPO, is part of our growth and development strategy outlined at the time of listing. It allows us to enhance both our fleet and our survey service offerings.

“With the purchase of this new multipurpose vessel, we further solidify our position as a leading company in the sector, particularly considering the increasing number of projects and business opportunities both nationally and internationally.”