Regulus Consultancy announces acquisition of Horizon Group by Boskalis

Boskalis already acquired 62.5% of the shares Horizon, so this transaction would mark the completion of acquisition of 100% of Horizon by Boskalis.

  
Regulus Consultancy announces acquisition of Horizon Group by Boskalis

Dubai: Regulus Consultancy (“Regulus”) is pleased to announce that its client, a 37.5% shareholder in Horizon Group (Horizon), has agreed to sell its entire equity interest in Horizon to Royal Boskalis Westminster N.V. (Boskalis). Earlier this year, Boskalis already acquired 62.5% of the shares Horizon, so this transaction would mark the completion of acquisition of 100% of Horizon by Boskalis.

Regulus acted as the financial advisor while Clyde & Co acted as legal counsel to the selling shareholder on the transaction.

Following this transaction, Boskalis will be able to optimize its successful and expanding position in the marine geophysical and geotechnical survey market. 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 Far East making it highly complementary to the position already held by Boskalis through Gardline in Northwest Europe and on the East Coast of the United States.

Horizon was established in 2004 and is located in Sharjah in the United Arab Emirates. Its activities are largely based in the Arabian Gulf, the Red Sea and an increasing presence for offshore wind in the Far East. Its clients range from national and international oil companies as well as reputable international EPCI contractors to the oil and gas industry as well as offshore wind farm developers.

“We are delighted to have been involved in this successful transaction, and we believe the outcome has been a win-win for all parties” said Mr. Shailesh Dash, Board Member of Regulus.

-Ends-

About Regulus Consultancy

Regulus Consultancy was founded in 2016 to provide a wide range of management consultancy and advisory services to small and medium-sized companies operating in consumer-driven sectors. With more than 300 years of cumulative investment and advisory experience among our sector-focused seasoned professionals, we advise management teams on an aggregate of $850m worth of investments operating in the healthcare, education, food and beverage and logistics sectors within the MENASEA region; the region of our expertise.

For media enquiries, please contact Matrix Public Relations

Krishika Mahesh: Krishika@matrixdubai.com 
Namita Thakkar: Namita@matrixdubai.com 
Or call: 04 34 30 888

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases