Cadeler selects Fugro for post-installation seabed surveys at East Anglia TWO. 04 Nov 2026 Wallingford, UK Fugro has been awarded a contract by Cadeler to provide post-installation seabed surveys for the East Anglia TWO offshore wind farm in the UK. The work will verify installation quality and provide critical Geo-data to support the safe and efficient construction of the wind farm. Fugro is also providing positioning and construction services to Cadeler at the Hornsea 3 offshore wind farm. Cadeler plays a key role in helping bring new renewable energy capacity online. East Anglia TWO will have an installed capacity of 960 MW, enough to power the equivalent of around 950,000 homes, making installation quality and long-term foundation integrity critical to the project's success. Fugro supports these efforts by delivering specialist survey, positioning, construction support and remotely operated vehicle (ROV) services that reduce risk, maintain installation quality and provide the Geo-data needed for reliable offshore construction. Beginning in early 2027, Fugro will deploy its FCV(R) 600 work class ROV from Cadeler's installation vessel to inspect 64 monopile foundation locations. The ROV will perform a range of surveys and installation-related activities to confirm that monopile foundations have been installed as planned and deliver the insights needed to support their long-term integrity. At Hornsea 3, Fugro specialists onboard the installation vessel Wind Ally are providing positioning and construction services for the installation of 197 monopile foundations. Using Fugro's InclinoCam(R) vision technology, the team provide continuous measurement of the tilt, inclination and vertical alignment of the monopiles to help Cadeler achieve centimetre-level installation accuracy throughout the construction campaign. Maxime Duthoit, Cadeler's Senior Project Manager said, "We are pleased to continue our collaboration with Fugro, whose track record in the offshore industry and position as one of the market leaders in ROV and survey services provide confidence in the quality and reliability of the data required to support successful project delivery. Their expertise will play an important role in maintaining the high installation standards expected on East Anglia TWO". "Cadeler is delivering some of Europe's most significant offshore wind developments, and we're proud to support these projects with a range of specialist offshore services," said Stuart Hamilton, Fugro's Positioning and Construction Support Director for Europe and Africa. "Our expertise covers the full life cycle of offshore wind projects, from the early site investigations that inform project planning through to the survey, positioning and inspection services needed during construction. Bringing these capabilities together helps our clients deliver projects safely and efficiently." Contact Fugro. Get in touch for. Serge van de Ven Director Brand & Communications Catrien van Buttingha Wichers Director Investor Relations

Fugro seeks to reduce its operating costs by 50 million euros. Given market conditions, Fugro continues to develop an efficiency program with which it hopes to achieve annualized savings of 50 million euros. The initiative is progressing as planned and includes adjustments aimed at improving resource utilization, simplifying processes, and adapting the cost structure to the current level of activity. Mark Heine, Fugro chief executive, said the company is focusing its efforts on restoring operating profitability and improving cash generation. To achieve this, the company is working on organizational changes and a more efficient execution of its services, with special attention to the resources it uses in its marine operations. However, Fugro acknowledges that the full benefits of these measures will not be immediate and will depend both on their implementation and on market developments. Fugro obtains a new €150 million credit line from the EIB. In addition to operational adjustments, Fugro has taken steps to strengthen its financial image and have greater flexibility over the next few years. The company extended the maturity of its existing debt lines until December 2031 and formalized a new credit line of 150 million euros with the European Investment Bank (EIB). This financial backing will allow you to have additional resources at a time when business activity continues to be affected by uncertainty and the need to control cash flow. Meanwhile, Fugro maintains its intention to limit capital investments from 2026 to approximately 150 million euros. The company also seeks to reduce its working capital needs, with the aim of freeing up cash and improving its financial capacity without compromising its core operations. Fugro expects a recovery in the offshore wind market by 2027. Despite the challenges experienced during the quarter, Fugro maintains its forecasts for the end of 2026 unchanged. The company anticipates that customer caution and excess capacity will continue into the fourth quarter, a period that typically sees a seasonal decline in activity. Therefore, it expects margin pressure to persist through the end of the year. Looking ahead to 2027, Fugro believes that the site characterization market for offshore wind energy projects could begin to recover during the second half of the year. Factors supporting this expectation include commitments announced at the North Sea Summit, a recent round of auctions in Denmark, and new tenders underway in various European countries. However, the company acknowledges that these signs have not yet translated into a sufficient volume of awarded contracts to recover previous levels of its order book. While awaiting an improvement in demand, Fugro will continue working on its efficiency program and developing technological tools such as GroundIQ, aimed at strengthening their services and improving their competitiveness in the energy and infrastructure sectors. Verified Author Analyst and writer of news specialized in industrial technology, with a solid background in engineering. My work focuses on curating and synthesizing complex information, transforming technical advances and regulatory changes into journalistic reports.