GeoQuip

What GeoQuip does

GeoQuip Marine is a specialist offshore geotechnical services company founded in 2011 and headquartered in St. Gallen, Switzerland. The company operates a fleet of purpose-built DP2 dynamic positioning vessels (Geoquip Saentis, Silvretta, Seehorn, Elena, Speer, and Dina Polaris — the world's largest geotechnical drilling vessel by gross tonnage) equipped with proprietary drilling rigs (GMTR120, GMTR150, GMR-series) and 200 kN seabed Cone Penetration Test (CPT) systems capable of operating in water depths from 20m to 2,000m. GeoQuip delivers integrated offshore geotechnical site investigations, in-situ testing, borehole drilling, near real-time offshore engineering analysis, UKAS-accredited onshore laboratory testing (Bristol, ISO/IEC 17025), and final geotechnical interpretation to support foundation design, cable route planning, and risk management for offshore construction projects.

The company serves offshore wind developers (Ørsted, Vineyard Offshore, Parkwind, Copenhagen Infrastructure Partners, EnBW, Dominion Energy, Thistle Wind Partners), oil and gas operators (BP, Equinor, TotalEnergies), civil engineering and infrastructure clients, telecommunications subsea cable operators, and academic and government research organizations. GeoQuip generates project-based professional services revenue through multi-year contracts; pricing is determined by project scope, water depth, investigation type, and vessel assignment, with no standardized pricing tiers. The company maintains offices in St. Gallen (HQ), Bristol and Newcastle (UK), Wilmington (US), Taiwan (APAC), and Limassol (Cyprus), and operates a Korean joint venture (Geoquip Marine RKN Limited) established in 2025.

GeoQuip is majority owned by London-based investment firm Njord Partners and issued €100 million in senior secured bonds in April 2025 (admitted to trading on Euronext Oslo Børs in March 2026). The company reports annual revenue exceeding USD 100 million and operates with 51-100 employees globally. Certifications include ISO 9001, 14001, 45001, 17025, ISM Code, EcoVadis Silver (top 15% globally), and Green Marine Europe, with the company recently recognized by the 2025 Ground Engineering Awards for its Apprentice and Graduate Programme.

Name

GeoQuip

Legal name

Geoquip Marine Services P.L.C.

Website

https://geoquip-marine.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

GeoQuip Marine is a specialist offshore geotechnical services firm operating a dedicated fleet of DP2 drilling vessels, seabed CPT systems, and integrated laboratories to deliver seabed investigation, drilling, and engineering interpretation for offshore wind developers, oil and gas operators, and infrastructure clients globally.

Ownership category

akta.pro rank

Product category

Offshore Geotechnical Services

NAICS

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

SIC

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

akta.pro primary industry

Geotechnical Site Investigation & Engineering Geology (Borings, Lab Testing) (EUAHAFAE)

akta.pro secondary industries

Offshore Wind & Marine Spatial Planning Regulation (EUAMANAM), Seismic Survey & Geotechnical Offshore Vessel Construction (IMAJACAF)

Keywords

• Offshore geotechnical services
• Site investigations
• Seabed CPT testing
• Offshore wind services
• Marine drilling

Headquarters

HQ city

Saint Gallen

HQ country

Switzerland

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Offshore Geotechnical Site Investigations: Project-based professional services delivering offshore geotechnical site investigations including seabed CPT testing and borehole drilling. Revenue is generated through long-term project contracts with offshore wind developers, oil and gas operators, and infrastructure companies.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

GeoQuip Marine operates a specialist offshore geotechnical services business delivering site investigations, geotechnical data interpretation, offshore engineering, and scientific research programmes using a dedicated fleet of DP2 dynamic positioning vessels equipped with proprietary seabed CPT systems and drilling rigs. The company provides accurate sub-seabed data to support engineering design, installation planning, and geotechnical risk management for offshore wind, oil and gas, infrastructure, and research clients. Integrated laboratory testing and engineering interpretation extend the offering across the full project lifecycle.

Product overview

GeoQuip Marine is a specialist offshore geotechnical partner operating a fleet of DP2 dynamic positioning vessels equipped with proprietary drilling rigs, seabed CPT systems, and integrated laboratory facilities. The company delivers a unified service portfolio comprising Offshore Geotechnical Site Investigations, Geotechnical Data Interpretation, Offshore Geotechnical Engineering, and Scientific Research Programmes. The product ecosystem includes purpose-built vessels (Geoquip Saentis, Geoquip Silvretta, Geoquip Seehorn, Dina Polaris, Geoquip Elena, Geoquip Speer), proprietary testing equipment (GMC200, GMC201, GMC202 seabed CPT systems, PS Suspension Logger), and both offshore and UKAS-accredited onshore laboratories. A Korean joint venture (GeoQuip Marine RKN Limited) extends services in Asia-Pacific. The integrated model ensures full control over data acquisition, processing, and quality assurance from offshore operations through final engineering reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Geotechnical Site Investigations
• Geotechnical Data Interpretation
• Offshore Geotechnical Engineering
• Scientific Research Programmes
• Geotechnical Laboratories (Onshore and Offshore)

Quantifiable outcome

• Delivered Bowdun offshore wind project as Principal Contractor for Thistle Wind Partners

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Geoquip Marine RKN LimitedcoreStrategic or Co-development PartnerKorean joint venture company established between GeoQuip Marine and RKN Co., Ltd. for delivering offshore geotechnical services in the Korean and wider Asian-Pacific market.
• University of BristolminorStrategic or Co-development PartnerContinuing Professional Development (CPD) partnership providing educational and training opportunities for staff development.
• Thistle Wind PartnerscoreStrategic or Co-development PartnerGeoQuip Marine is acting as Principal Contractor for the Bowdun offshore wind project. Thistle Wind Partners is a consortium developing offshore wind projects in UK and Irish waters.
• Njord SurveyminorImplementation/ SI/ Consulting PartnerCrew assistance provided by Njord Survey during Bowdun offshore operations to support smooth project execution.
• Blue Marine FoundationminorStrategic or Co-development PartnerEnvironmental partnership focused on marine conservation. GeoQuip Marine works with Blue Marine Foundation on environmental best practices and marine ecosystem protection.
• Marine Mammal Observer AssociationminorStrategic or Co-development PartnerEnvironmental partnership for marine mammal observation and protection during offshore operations to ensure compliance with environmental regulations.

Scale indicators3 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Fugro: Fugro is the global market leader in offshore geotechnical and site investigation services, operating a fleet of dedicated geotechnical vessels worldwide. It is the most direct competitor to GeoQuip Marine in seabed CPT, borehole drilling and integrated site characterization for offshore wind and oil & gas clients.
• Cathie Group: Cathie Group is a specialist offshore geotechnical engineering consultancy supporting wind, oil & gas and cable projects globally. It is comparable to GeoQuip Marine on the engineering interpretation, foundation design and ground risk side of the integrated delivery model.
• Ocean Infinity: Ocean Infinity operates a large fleet of uncrewed and crewed marine survey vessels, including offshore geotechnical and geophysical data acquisition for offshore wind and infrastructure. It is comparable to GeoQuip Marine in marine site characterization scope and enterprise-customer base.
• Next Geosolutions: Next Geosolutions is an offshore survey and geoscience services provider serving offshore wind, oil & gas and infrastructure markets. It competes with GeoQuip Marine on geophysical, geotechnical and UXO survey campaigns for European offshore wind developers.
• EGS (ABL Group): EGS, now part of ABL Group, provides offshore geotechnical and geophysical site investigation services. It is comparable to GeoQuip Marine on integrated offshore site characterization and engineering interpretation for energy and marine infrastructure clients.

Emerging players

• MMT Sweden: MMT is a marine survey contractor providing hydrographic, geophysical and geotechnical services. It overlaps with GeoQuip Marine on offshore site investigation campaigns for cable routes and offshore wind developments, particularly in Northern Europe.
• RPS Group (Tetra Tech): RPS Group, now part of Tetra Tech, provides environmental, geotechnical and marine consulting including offshore site investigations. It is comparable to GeoQuip Marine on the interpretation, permitting support and environmental baseline side of offshore wind project delivery.

Broad incumbents

• Gardline: Gardline, part of Royal Boskalis Westminster, is a long-established marine geophysical and geotechnical survey contractor. It competes with GeoQuip Marine across the European offshore wind site investigation market and benefits from Boskalis' broader offshore services scale.
• Subsea7: Subsea7 is a global offshore installation and subsea services contractor with significant offshore survey and engineering capabilities supporting offshore wind and oil & gas. It overlaps with GeoQuip Marine on pre-construction site characterization and cable route survey work as part of broader SURF contracts.
• Saipem: Saipem is a large offshore EPCI contractor serving oil & gas and offshore wind. Its engineering and survey capabilities compete with GeoQuip Marine on integrated offshore characterization for major development projects, particularly in deepwater oil & gas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/geoquip-marine
• Xx.com/geoquipmarineag
• Facebookfacebook.com/geoquip-marine-ag-638731679546612

Compliance7 records

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&A

Investments

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

Frequently asked questions about GeoQuip