Fugro acquires HGN17/12/2007 |
| Fugro has acquired HGN Hydrogeologie GmbH (HGN), a hydro geological and hydrological consultancy in Germany with headquarters in Nordhausen, near Leipzig. Established in 1990, HGN operates from a number of offices throughout Germany and an office in Lithuania. HGN has an annual turnover in excess of EUR7.5 million (USD10.8 million) and employs a staff of 121. |
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HGN specialises in the fields of water management, flood control concepts, dike investigations and hydraulic modeling for federal and state authorities. With the acquisition of HGN, Fugro improves its position as supplier of geotechnical and water management services in Germany and will also extend its global capabilities in the field of water management. HGN will operate within Fugro's onshore geotechnical division. Managing Director will be Volker Ermisch, one of HGN's founders.
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