Dutch dredging, marine and offshore company Royal Boskalis Westminster has acquired the remaining 37.5% of the shares in Horizon Group
Earlier in 2019, Boskalis acquired 62.5% of the shares in the company.
2019 revenue from Horizon is expected to exceed US$100M. The company’s activities will be consolidated as of 2020.
Horizon will continue to focus on its traditionally strong market position in the Middle East and northwest Europe with opportunities to expand into the emerging offshore wind market in the Asia Pacific region, making it highly complementary to the position already held by Boskalis through Gardline in northwest Europe and on the east coast of the US.
Horizon was established in 2004 and is located in Sharjah in the United Arab Emirates. Its activities are largely based in the Middle East Gulf, the Red Sea and an increasing presence for offshore wind in the Far East.
Horizon’s clients range from national and international oil companies and EPCI contractors to the oil and gas industry as well as offshore windfarm developers.