FUGRO attains authorised economic operator status

Company Profiles, News — By on January 17, 2017 at 9:39 AM

AEO_final csThrough its operating company Fugro Subsea Services, Fugro has recently been awarded Authorised Economic Operator (AEO) status, highlighting its role in the international supply chain. The demanding and extensive accreditation process began in the second half of 2015 and culminated in the award on 11th December 2016.

UK Government department HMRC examined logistics, warehousing, purchasing, supply chain management, accounts and IT activities to ensure that they complied with all customs and tax requirements. Detailed checks and assessments were also carried out on key personnel.

“Attaining this internationally recognised quality mark denotes that our position in the international supply chain is secure and that our many processes, procedures and checks are effective and compliant,” said Keith Pritchard, Operations Manager at Fugro Subsea Services. “Having AEO status is not compulsory but as a business that has achieved it, we will have advantages over businesses that have not. Fugro Subsea Services will immediately see benefits in the international supply chain.”

ABOUT FUGRO

Fugro is the world’s leading, independent provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. We collect data on topography, soil composition and environmental conditions, both onshore and offshore. We organise the acquired data and add value through processing, interpretation and visualisation. In addition, we provide geo-related design, asset inspection and integrity advice. Our services play a critical role in the entire lifecycle of our clients’ construction and infrastructure projects.

Fugro works around the globe, predominantly in energy and infrastructure markets, employing approximately 11,000 employees in around 60 countries. In 2015 Fugro’s revenue amounted to around EUR 2.4 billion. Fugro is listed on Euronext Amsterdam.

ABOUT AEO (Authorised Economic Operator)

The AEO concept is based on the Customs-to-Business partnership and the programme aims to enhance international supply chain security and facilitate legitimate trade. An AEO company is one that has met stringent criteria and demonstrated to customs authorities its ability in operational functions that involve customs procedures and processes. Under a World Customs Organisation (WCO) initiative, AEO certification will be recognised worldwide.

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