N-Sea buys 30-year-old company to expand its subsea offering

As part of its ambition to expand its fleet and subsea activities, the Netherlands-headquartered subsea solutions provider N-Sea has concluded the full acquisition of compatriot company Geo Plus.

Established in 1994 and based in Groningen, Geo Plus provides survey services and operates a fleet of five vessels, currently operating on long-term projects in Europe and the Middle East, said to be equipped for all types of geophysical surveys and inspection activities.

Although part of the N-Sea Group, Geo Plus will continue operating as an independent company out of the same office in Groningen and with the same team.

“I’m extremely happy that Geo Plus has become part of N-Sea, safeguarding our growth ambitions with a partner that is very successful in the current markets and allowing us to take full advantage of their organisational capabilities and resources, an excellent starting point for an integrated market approach!” said Patrick Defilet, Managing Director of Geo Plus.

According to N-Sea, Geo Ranger, Geo Focus, Geo Explorer, Geo Motion and Geo Connection are equipped with high-graded hull and moonpool-mounted survey equipment.

The company noted that by acquiring Geo Plus it increases its capacity and capabilities in the field of shallow water hydrographic surveys, both geophysical and geotechnical.

N-Sea recently made a number of moves to strengthen its fleet and subsea activities. Namely, the Dutch company in November 2023 entered into an agreement with Rederij Groen to long-term charter the 4-WINDS vessel and extended its long-term charter agreement with Braveheart Marine for the Braveheart Spirit vessel.

Then in January N-Sea announced it had chartered the hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel Geo Ranger and entered into an agreement with Rederij Groen to long-term charter the modern offshore support vessel Aquarius-G.

Most recently, the Dutch company and its partner Neptune Marine Service launched what is said to be the first dedicated cable repair and installation vessel, converting the existing anchored barge NP-459 into a dedicated cable repair DP2 vessel named Curo.