FINCANTIERI has acquired Next Geosolutions (NextGeo), an international marine geoscience and offshore construction support service provider, for $696.8 million. This corporate acquisition sees FINCANTIERI buying NextGeo, a company recognized for its specialized services across the energy, infrastructure, and utilities markets. The transaction marks a significant strategic move, integrating NextGeo's comprehensive capabilities into FINCANTIERI's portfolio.
Established in late 2014 and part of the Marnavi Group, NextGeo offers high-quality, cost-efficient solutions covering the entire lifecycle of offshore assets and projects. Its expertise spans from initial design and engineering through installation, inspection, maintenance, and decommissioning. With a fleet of 15 state-of-the-art DP class 1 and 2 vessels and a team of over 300 skilled professionals, NextGeo provides a variety of services including marine geophysical, geotechnical, environmental, and archaeological surveying, as well as UXO survey, removal, and relocation, alongside general offshore construction support.
The acquisition is strategically driven by NextGeo's deep expertise and extensive operational capabilities in the marine and offshore industry. Its ability to deliver true turn-key solutions, combining consultancy, engineering, and operational services, is expected to create substantial synergies. This integration will allow FINCANTIERI to enhance its offerings, expand its reach into specialized marine services, and potentially leverage NextGeo's advanced surveying and support capabilities across its existing operations or new ventures.
Looking ahead, the combined entity is poised to strengthen its position within the global marine and offshore sectors. The integration of NextGeo's specialized services and assets with FINCANTIERI is anticipated to result in a more comprehensive service portfolio, offering enhanced value and expanded capabilities to clients operating in complex marine environments worldwide.