GeoSea becomes majority owner of G-tec

GeoSea, the geotechnical and offshore solutions specialist of the DEME Group, has acquired the majority of G-tec shares.

G-Tec is a contractor specialized in offshore geotechnical and geological site investigations, marine geophysical and environmental surveys and deep-sea engineering services. GeoSea has bought 72,5 percent of Liege-based G-tec.

The remaining shares of the Belgian company are owned by Sociéte Régionale d’Investissement de Wallonie.

G-tec was founded on an academic background in 1993 and currently employs over 40 staff. The company also has a consolidated turnover of around €20 million and owns the unique offshore geotechnical investigation vessel ‘Omalius.’

“The highly specialized activities and know-how of G-tec represent a strategic fit, enabling the DEME-group to further reinforce its fully integrated services to the offshore renewables, oil & gas, civil engineering, and offshore mining market,” said DEME.

Furthermore, DEME took over from G-tec a concession in the Pacific Ocean several years ago for the exploration of manganese nodules.

GeoSea does not expect the transaction to have immediate large effects on its results.

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