Fugro

What Fugro does

Fugro N.V. is a Netherlands-headquartered, publicly listed (Euronext Amsterdam: FUR) geo-data and asset integrity solutions company founded in 1962, employing more than 10,000 people across 52 countries and serving clients in the energy, infrastructure, water, and government sectors. Its core offerings comprise geotechnical and geophysical site characterisation, hydrographic surveying, subsea inspection using remotely operated and autonomous systems, and satellite positioning services delivered through a global fleet that includes dedicated uncrewed surface vessels (Blue Essence, Blue Prism, Blue Volta), ROVs (Seacalf DeepDrive, Fugro Orca), survey vessels (Fugro Quest, Fugro Mercator), and SEAWATCH metocean monitoring buoys.

The business is anchored by proprietary software platforms including GroundIQ (ambient noise tomography plus machine learning for subsurface modelling), VirGeo (cloud-hosted geo-data delivery), Roames (AI-assisted powerline asset management), and the award-winning GeoAI Framework, with patented technologies such as the Heat Flow Module CPT probe providing thermal conductivity results within 24 hours. Fugro is productising its services into recurring subscription models (VirGeo, Marinestar, Starfix, NorthStar IMMS, Metis, Fugro Metocean Planner, SIMmetry, Fugro Raildata) layered over its traditional project-based professional services revenue stream.

Revenue is generated primarily through enterprise field sales targeting major energy companies, offshore wind developers, infrastructure owners, and government agencies, with pricing on a quote-based project basis supplemented by subscription data services. Full-year 2025 revenue was €1,851.4 million (down 19% year-on-year), with adjusted EBIT of €90.9 million (down 71%), reflecting weak offshore wind markets; a €120 million cost reduction programme including 1,050 job cuts was completed in 2025-2026, alongside a €400 million sustainability-linked refinancing in December 2024 to support strategic repositioning toward offshore wind, nuclear SMR siting, CCUS, and digital infrastructure.

Name

Fugro

Legal name

Fugro

Website

https://fugro.com

Company type

Public

Founded year

1962

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Fugro is a Netherlands-headquartered geo-data and asset integrity solutions provider serving energy, infrastructure, water, and government clients globally. It combines geotechnical, geophysical, and hydrographic surveys with proprietary platforms (GroundIQ, VirGeo, GeoAI), autonomous USV/ROV fleets, and satellite positioning services across 52 countries.

Ownership category

akta.pro rank

Product category

Geo-data and Survey Services

NAICS

Geophysical Surveying and Mapping Services (541360), Geophysical Surveying and Mapping Services (54136)

SIC

Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Satellite Imagery & Remote Sensing Geospatial Platforms (BPAMANAM)

akta.pro secondary industries

Remote Sensing & Geospatial MRV (Satellite, Aerial, LiDAR, SAR) (EUABACAF), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI)

Keywords

• Geo-data solutions
• Geotechnical survey services
• Offshore site characterization
• Marine geophysical surveys
• Asset integrity services

Headquarters

HQ city

Leidschendam

HQ country

Netherlands

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Geotechnical and Geophysical Survey Services: Primary revenue stream from providing site characterization, soil investigation, borehole drilling, sampling, and laboratory analysis for offshore wind, oil and gas, and infrastructure projects. Revenue declined 19% to €1,851.4 million in full-year 2025 due to weak offshore wind markets.
2. Marine Survey and Inspection Services: Subsea inspection, repair and maintenance services, ROV operations, and offshore platform integrity assessments using remotely operated and autonomous systems
3. Satellite Positioning Services: Subscription-based precise satellite positioning and navigation services for maritime and land-based operations globally
4. Geo-data Subscription and Software Services: Building recurring revenue with Geo-data as a service through subscription-based platforms including VirGeo, Roames, and other cloud-hosted solutions

Go-to-market motion3 records

Distribution channels3 records

Marketing channels10 records

Core offering

Fugro provides geo-data and asset integrity solutions through geotechnical, geophysical, and hydrographic surveys, supported by proprietary platforms (GroundIQ, VirGeo, Roames) and remote/autonomous systems (USVs, ROVs). Its services support offshore wind, oil and gas, infrastructure, and water projects across the asset lifecycle, from site characterization to monitoring and inspection.

Product overview

Fugro is a geo-data solutions company offering an integrated portfolio of products and services organized around three core industry segments: Energy (renewable energy, oil and gas, carbon capture), Water (climate adaptation, nature conservation, hydrography), and Infrastructure (nearshore/urban development, critical minerals). The portfolio comprises proprietary technology platforms (GroundIQ®, VirGeo®, ROAMES®), autonomous and remotely operated systems (Blue Prism®, Blue Essence, Blue Volta USVs, Seacalf DeepDrive ROV, Fugro Orca), specialized monitoring solutions (SEAWATCH® buoys, NorthStar® IMMS), and customer access portals (Marinestar®, Metis, Fugro Metocean Planner®, Seastar®, Starfix®, SIMmetry™). These products are delivered through a global network of Remote Operations Centres and supported by a fleet of survey vessels and specialized equipment. The company also provides associated geophysical, geotechnical, and hydrographic survey services that utilize these proprietary platforms.

Differentiator

Problem solved

Functional benefit

Brands

• GroundIQ®: Proprietary platform for reducing ground risk through smarter subsurface investigations
• VirGeo®
• Roames®
• Blue Essence
• Blue Prism®
• Blue Volta
• SEAWATCH®
• Marinestar®
• NorthStar® IMMS
• Starfix®
• SIMmetry™
• Sense.Lidar®
• O-Cell®
• Aquisense®

Products and services

• GroundIQ Cloud-hosted platform that combines consultative ground investigation with advanced screening technologies and machine learning to deliver 3D subsurface insights for safer, faster construction projects. Used by infrastructure and energy clients to reduce drilling requirements and project risk.
• VirGeo Cloud-hosted subscription platform that transforms Fugro's Geo-data archive into actionable insights for project teams, enabling subscription-based Geo-data delivery to enterprise clients across energy, infrastructure, and water sectors.
• Roames Asset management and vegetation management solution for powerline networks, using aerial surveying and AI-based analysis to monitor and maintain electricity transmission infrastructure for utility clients.
• SEAWATCH Wind Lidar Buoy Integrated metocean and environmental monitoring platform combining Wind Lidar Buoy measurements with bioacoustics, video, genetic, and geophysical insights to support offshore wind site characterization and biodiversity monitoring.
• Blue Prism USV First fully dedicated uncrewed surface vessel (USV) for offshore site screening geophysics, conducting multi-sensor survey operations with reduced emissions and improved human safety.
• Blue Essence USV Uncrewed surface vessel (USV) for offshore survey operations and environmental data collection, part of Fugro's autonomous vessel fleet supporting safer, lower-emissions data acquisition.
• Blue Volta USV Uncrewed surface vessel (USV) operating in the North Sea as part of Fugro's fleet of autonomous offshore survey vessels.
• Fugro Orca ROV System Remotely operated vehicle (ROV) system capable of being controlled remotely from a vessel with no personnel on board, supporting subsea inspection, monitoring, and maintenance operations.
• Seacalf MkV DeepDrive Remotely operated or autonomous underwater vehicle (ROV/AUV) used for subsea inspection, monitoring, and maintenance operations in offshore energy and infrastructure projects.
• Fugro Mercator Survey Vessel Survey vessel used by Fugro for geophysical data collection and offshore survey operations with multi-sensor deployment capabilities.
• Fugro GeoAI Framework AI-powered framework that applies machine learning to automated interpretation of geotechnical and geo-data, enabling faster insights into complex site conditions for offshore and onshore projects.
• Marinestar Satellite Positioning Service Subscription-based precise satellite positioning and navigation service delivered through a dedicated customer portal for maritime and land-based operations worldwide.
• Starfix Positioning Services Subscription-based satellite positioning and construction support services delivered via a dedicated portal, providing precise location services globally.
• Geotechnical and Geophysical Survey Services Core site characterization services including soil investigation, borehole drilling, sampling, and laboratory analysis for offshore wind, oil and gas, and infrastructure clients worldwide. Generated primary 2025 revenue of €1,851.4 million (down 19% year-on-year).
• Marine Site Characterization and Inspection Services Subsea inspection, repair, and maintenance services, ROV operations, and offshore platform integrity assessments delivered through Fugro's remote and autonomous systems for energy clients.
• SIMmetry Geospatial Viewer Geospatial viewer and analysis platform that enables clients to access, visualize, and collaborate on survey and dimensional control data across projects.
• NorthStar Infrastructure Monitoring and Management System Infrastructure monitoring and management system (IMMS) delivered via a dedicated portal, supporting ongoing asset integrity programs for clients.

Quantifiable outcome

• Reduced drilling by 80% through GroundIQ ANT technology in Qatar hospital project
• +5 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

16 partnerships are on record, tiered core and minor.

• EirGridcoreStrategic or Co-development Partner · 1 June 2026Fugro contracted by EirGrid to provide marine mammal monitoring services for Ireland's South Coast offshore wind programme, deploying eight seabed moorings with underwater acoustic sensors. First commercial deployment of Fugro's purpose-built mooring system supporting 900 MW Tonn Nua wind project. Builds on existing seven-year framework agreement.
• SSE RenewablescoreStrategic or Co-development Partner · 11 May 2026Fugro awarded geotechnical survey contract for Berwick Bank B offshore wind project (1.4 GW second phase of 4.1 GW development). Survey involves drilling boreholes up to 50 meters below seabed using vessels Fugro Quest and Fugro Zenith, collecting soil and rock samples for foundation engineering studies.
• US Army Corps of EngineerscoreStrategic or Co-development Partner · 6 May 2026Fugro awarded five-year indefinite delivery, indefinite quantity contract for surveying and mapping services supporting civil works and military infrastructure programs across US and overseas. Uses crewed and uncrewed platforms combined with AI-enabled cloud automation. Task orders include Upper Mississippi River Restoration and aerial imagery/LIDAR at US Army installations in Alaska.
• Copenhagen Infrastructure PartnerscoreStrategic or Co-development Partner · 29 April 2026Geotechnical site investigation contract for Fengmiao 2 offshore wind farm in Taiwan (600 MW). Fugro collecting seabed and downhole data using Taiwan-flagged vessel Pacific Hornbill for offshore fieldwork scheduled Q3 2026. Part of Taiwan's Round 3.2 offshore wind tender with grid connection planned 2028-2030.
• Gingerah Energy JV (Karajarri Traditional Lands Association, Longreach Capital Investment)minorStrategic or Co-development Partner · 19 April 2026Joint venture with Karajarri Traditional Lands Association and Longreach Capital Investment for Project Meridien, planned as Australia's largest AI data centre (240 MW initially, scalable to 1 GW) on Karajarri country in Western Australia's Kimberley region. Fugro contributes geodata expertise.
• SwecominorStrategic or Co-development Partner · 1 April 2026Joint soil investigations for Delta Rhine Corridor West pipeline in the Netherlands, commissioned by Gasunie. Project to connect industrial areas and transport hydrogen and CO2 offshore for energy transition infrastructure.
• PetrobrascoreStrategic or Co-development Partner · 1 April 2026Contract for geotechnical investigations for Petrobras's first offshore wind pilot project off Rio de Janeiro coast. Operations starting April 2026 with reporting scheduled for 2027, involving sampling, testing, and analysis of soil at nearshore and onshore sites.
• PetrobrascoreStrategic or Co-development Partner · 31 March 2026Geotechnical site investigation for Rio de Janeiro Offshore Wind Pilot Project (18 MW), South America's first offshore wind development under formal environmental licensing. Activities include soil sampling, in situ testing, laboratory analysis at nearshore and onshore locations, and cable landfall investigations. Brazil-based teams lead delivery with Pinhais laboratory analysis.
• PTSC Geos and Subsea ServicescoreChannel Partner/ Reseller/ Distributor · 14 January 2026Partnership extended for two years to provide marine site characterization services in Vietnam's offshore energy sector. Partnership established in 2011, combining Fugro's geophysical, geotechnical, and metocean services with PTSC G&S's local survey capabilities to support Vietnam's offshore wind industry targeting 6 GW by 2030.
• Fermi Development LtdminorStrategic or Co-development Partner · 17 December 2025Partnership to develop UK portfolio of nuclear energy sites suitable for small modular reactors (SMRs). Fugro provides geotechnical and permitting services while Fermi handles land acquisition and permissions, aiming to create 'ready-to-build' sites for final investment decisions.
• TechWorks MarineminorChannel Partner/ Reseller/ Distributor · 5 November 2025Fugro commissioned TechWorks Marine to conduct year-long metocean survey on Ireland's South Coast supporting offshore wind infrastructure development for EirGrid. Project aims to connect 900 MW of offshore wind and help Ireland achieve renewable energy targets.
• NOAAcoreStrategic or Co-development Partner · 29 September 2025CRADA partnership to enhance deep ocean mapping using uncrewed systems and remote technology. Collaboration aims to improve operational efficiency, develop new sensors, and expand exploration capabilities in the deep ocean through shared research and development.
• SFLCT (Society for Low Carbon Technologies)minorStrategic or Co-development Partner · 1 January 2025Fugro participated in SFLCT discussions alongside Microsoft, NVIDIA, Siemens Digital, Occidental, Baker Hughes, SLB, and XGS Energy addressing the AI-Energy-Carbon Management trilemma as compute capacity transitions to strategic infrastructure asset.
• IOC/UNESCOminorStrategic or Co-development PartnerFugro and IOC/UNESCO launched working group to unlock private-sector ocean data, developing solutions for making ocean data publicly available and supporting ocean governance initiatives.
• National RobotariumminorStrategic or Co-development PartnerPartnership with National Robotarium (€22.4M government-funded UK facility) to accelerate development of autonomous underwater solutions, leveraging combined technical expertise, project funding, and cutting-edge facilities for ground-breaking ROV/AUV innovations.
• CRP SubseaminorStrategic or Co-development PartnerCRP Subsea securing cable protection contract for Vattenfall's Nordlicht I wind farm (980 MW) in Germany. Fugro involved in South America's first licensed offshore wind project geotechnical work as industry collaborations expand in offshore wind sector.

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• CGG: CGG is a global geoscience company providing seismic acquisition, subsurface imaging, and multi-client geoscience data to the energy industry. It is a direct peer to Fugro in geophysical survey services, particularly for offshore oil & gas and increasingly offshore wind site characterization.
• TGS: TGS is a multi-client geoscience data library company providing seismic, well data, and interpretation products for the energy sector. It overlaps with Fugro's marine survey and geo-data library business and increasingly targets offshore wind site-investigation data.
• PGS (Petroleum Geo-Services): PGS operates a fleet of marine seismic vessels providing 2D/4D acquisition and imaging services. It directly competes with Fugro's marine geophysical survey services in offshore energy markets.
• Shearwater GeoServices: Shearwater GeoServices is a marine seismic acquisition company with a global fleet of towed-streamer and ocean-bottom node vessels. It competes head-to-head with Fugro in marine geophysical survey work for oil & gas and offshore wind.
• Oceaneering International: Oceaneering provides ROV operations, subsea intervention, and marine survey services to offshore energy markets. It is highly comparable to Fugro's subsea inspection, ROV, and offshore asset integrity businesses.
• Subsea7: Subsea7 delivers subsea engineering, construction, and survey services to the offshore energy industry, with significant offshore wind exposure. It overlaps with Fugro in marine survey, seabed intervention, and offshore wind project delivery.

Broad incumbents

• SLB (Schlumberger): SLB is the largest oilfield services company globally, offering a broad portfolio that includes geophysical, drilling, and digital services. It competes with Fugro in geoscience and survey services as part of a much wider portfolio.
• TechnipFMC: TechnipFMC provides subsea, surface, and digital energy services with strong offshore project execution capabilities. It overlaps with Fugro in subsea survey and offshore wind execution as part of a broader energy project portfolio.
• Saipem: Saipem is an offshore engineering and construction contractor serving oil & gas and renewables. It overlaps with Fugro in offshore wind survey and offshore site characterization, but operates as a much broader EPC and drilling contractor.
• Bureau Veritas: Bureau Veritas is a global testing, inspection and certification (TIC) company with marine and infrastructure inspection lines. It is comparable to Fugro's asset integrity and infrastructure inspection services, though as a much broader TIC player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fugro
• Facebookfacebook.com/fugro
• LinkedInlinkedin.com/company/fugro
• Instagraminstagram.com/fugro

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A26 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fugro