Siem – which manages a shipping and an offshore division – will also keep on all its employees.

The acquisition has been welcomed by the two managing directors of FSG, Peter Siersk and Frank Bywater.

“We are very glad about the new perspectives that open up as a consequence of this decision," they said.

“We welcome Siem onboard, this time not as a client but as the new owner of FSG,” they said.

A