Ghent,
Press release / Regulated information
ABO-GROUP is aiming for market leadership in sonic drilling in its home countries
ABO-ERG Holding France today signed the agreement to acquire 100% of the shares of Geosonic France SAS, a French sonic drilling company headquartered in Jardin, thereby acquiring full control as of 1 February. In addition, the ABO-GROUP has announced that it will acquire all the remaining shares in
Over the past six years, Geosonic France has developed its expertise and machinery to become the most important player in the field of sonic drilling on the one hand, and in deep, complex drilling on the other. Sonic drilling is a high-quality drilling method that uses high-frequency vibrations to quickly drill through hard layers. In addition, Geosonic has an extensive machine park for the performance of innovative drilling.
Prominent player within
“This acquisition will ensure that we will become the reference company with regard to sonic drilling” says
"The ABO-GROUP focuses on the soil in all its aspects", clarifies the CEO. "After all, with these three acquisitions in as many months (SUBGEO, GEO + Environnement and now Geosonic), the ABO-GROUP is aiming for market leadership in its niches in
Also
Fusion between the Dutch subsidiary Sialtech and Geosonic
Geosonic will work together with Sialtech, the Dutch drilling specialist within the ABO-GROUP. Henk Nijmeijers, the director of Sialtech, will take over the lead within this new structure. The latter is therefore looking forward to a smooth collaboration. "I can't wait to team up with the experts from Geosonic. I’m convinced that, working together, we can handle any drilling job, no matter how large or complex it may be. What’s more, this is also the perfect time to focus on international assignments even more than ever“, says Henk Nijmeijers. Sialtech and Geosonic will function as a single independent European drilling company, and will be able to carry out almost all drilling activities that arise with a clear specialisation in sonic drilling, and shallow and deep core drilling.
Following this, it was also decided to fully integrate
Transaction
Both transactions - Geosonic France and Sialtech - have been paid from our own funds. In addition to Henk Nijmeijers, the seller of Geosonic France has also committed to become a shareholder of the ABO-GROUP, also through an off-exchange transaction with
About the
The ABO-GROUP is a Euronext listed group of semi-integrated consultancy, testing & monitoring companies, focussing on soil, geotechnical and environmental research. The ABO-GROUP has twenty-five offices in
For more information:
CEO
frank.depalmenaer@abo-group.eu
T +32 (0)9 242 88 22
Attachment
- ABO-GROUP is aiming for market leadership in sonic drilling in its home countries
Belgium ,the Netherlands andFrance
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