Next Geosolutions Europe, a leading international company in marine geosciences and offshore construction support services, primarily in the energy sector with a focus on renewable energy, and listed on the Euronext Growth Milan market, announces the completion of the acquisition of the vessel “Deep Helder” from the Dutch company SeaMar Subsea BV. Renamed “NG Surveyor,” the vessel will be utilized for geophysical, geotechnical, environmental, and UXO (unexploded ordnance) survey activities.
The acquisition of the vessel is part of the Company’s growth and expansion plans, as announced during the IPO phase, aimed at strengthening the fleet and meeting the increasing demand in the offshore sector.
The NG Surveyor is a ship built in 2014, with 64.8 meters long, 15.8 meters wide, and features a 500 m² deck space. Equipped with a Dynamic Positioning Class II system, it can accommodate up to 48 personnel. Following the vessel’s delivery, NextGeo will undertake refitting work to install high-specification equipment, including 3 Multibeam Echosounders, a Sub Bottom Profiler, and an acoustic positioning system. These upgrades will enhance operational capabilities, enabling the vessel to conduct high-resolution surveys in shallow-to-mid waters and depths classified as “full ocean depth” (up to 11,000 meters).
Giovanni Ranieri, CEO of Next Geosolutions, stated: “The completion of this acquisition, announced during our IPO, is part of our growth and development strategy outlined at the time of listing. It allows us to enhance both our fleet and our survey service offerings. With the purchase of this new multipurpose vessel, we further solidify our position as a leading company in the sector, particularly considering the increasing number of projects and business opportunities both nationally and internationally.”
The total investment for the acquisition of the “NG Surveyor” amounts to €21 million (of which €3.15 million was already deposited in escrow, as indicated in the Admission Document for trading on the EGM market of Borsa Italiana, dated May 18, 2024), in addition to approximately €4 million for the purchase and installation of the aforementioned equipment.
As part of the transaction, a total of €12 million was financed by Cassa Depositi e Prestiti and Credito Emiliano S.p.A. (Credem). Specifically, Credem provided €6 million with a 10-year repayment term, while CDP made an additional €6 million available to the company, with an 8-year repayment term.
Giuseppe Maffia, CFO of Next Geosolutions , commented: “We are extremely pleased with the completion of this financial transaction, which has allowed us, on one hand, to strengthen the long-standing and fruitful relationship between NextGeo and Credem, and on the other, to lay the foundation for a collaborative partnership that sees CDP directly involved in the future strategic investment plan of NextGeo”.
