Fugro Acquires General Robotics

September 5, 2009 at 1:22 am Leave a comment

General Robotics Ltd. (GRL), supplier of simulation and visualization software to the offshore oil and gas sector, has been acquired by Fugro for an undisclosed sum. GRL will be renamed Fugro GRL and will become a member of Fugro Subsea Services, keeping the same management team and staff headed by Dr. Jason Tisdall. Along with developing and implementing products for Fugro operating companies, Fugro GRL will have commercial independence to pursue activities outside Fugro. The company will continue to maintain offices in Milton Keynes and Aberdeen.

            Fugro acquired GRL to develop and expand GRL’s subsea technologies in order to enhance the services offered by Fugro’s Subsea Services Business Line. GRL expects to be working closely with a number of Fugro operating companies on a wide range of subsea scenarios and practical implementations.

            “This is a fantastic opportunity for us to work as part of a worldwide group in developing our simulation and visualization products, and to further our expertise across a raft of subsea environments and challenges, but with the assurance of Fugro’s financial backing all the while,”  said Dr. Jason Tisdall, Managing Director of General Robotics Ltd. “For GRL’s existing customers it remains business as usual, except that our R&D will now have the financial backing of Fugro. GRL is now a Fugro company, but we will continue to have commercial independence to make our own decisions and get our own customers. Fugro has an excellent reputation for letting companies it acquires get on with the job.”

 

‘Chinese Walls’

An immediate concern about this merger for many subsea contractors is the possibility of conflicts of interest, commercial confidentiality and impartiality.

            “Given that some of our customers are direct competitors of Fugro, we will have very clearly defined Chinese Walls, so that customer information intended only for GRL will be managed and maintained only by GRL. One of our immediate challenges is convincing customers that we can absolutely maintain the confidentiality of their information. I believe we can and, importantly, we have Fugro’s agreement to these security procedures,” emphasized Tisdall.

            Trevor Larkum, Chairman of GRL, added: “In terms of maintaining a level playing field with Fugro vis-à-vis other subsea operators, EU trading laws are very clear on this, that we can’t offer a better deal to Fugro companies than we do to anyone else. The nature of the product also helps us with confidentiality. The new technology in DeepWorks 2.0 makes it very straightforward to produce proprietary, customer-specific components that plug into the customer’s copies of DeepWorks, making it easy to keep customers separate and to develop specific modules for individual customers that will not be available to anyone else. This also enables customers to develop their own solutions with their own team members on-site.”

            GRL was founded by the late Professor David Broome of University College, London, and is now the world leader in developing customized, subsea simulation products for the offshore oil industry. A number of subsea service providers, including Fugro, Sonsub, DeepOcean and CTC Marine Projects, use GRL ROVolution 4.0 ROV pilot trainers and simulators.

            GRL’s DeepWorks software is in use for subsea engineering simulation and visualization. DeepWorks allows users to design, rehearse and monitor (in real time) the most complex offshore engineering missions, subsea interventions and marine operations. GRL software gets its unique edge from the ability to model the hydrodynamic and physics-based properties of real objects and how they behave in the real world, providing a clearer perception and an improved understanding of the underwater work environment. The DeepWorks suite of software tools delivers not only simulation, but can also perform engineering analysis and the 3D animation of complex work tasks.

www.generalrobotics.co.uk

www.fugro.com

Advertisements

Entry filed under: News Flash, Subsea Technology. Tags: , , , , , .

Hammer Software for Trading Online Projectplace Planner in Beta Test

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


September 2009
M T W T F S S
« Aug   Oct »
 123456
78910111213
14151617181920
21222324252627
282930  

Recent Posts

Blog Stats

  • 53,127 hits

PetroComputing Tweets on Twitter


%d bloggers like this: