Geofoto Completes Acquisition of the Surveying Institute of Slovenia

Zagreb-based company Geofoto, one of the leading European companies in the field of geodesy and geoinformatics, has completed the acquisition process of the Surveying Institute of Slovenia (GZS), Geofoto announced today.

They note that the development strategy of GZS anticipates retaining all approximately 80 employees as well as maintaining the existing name, logo, and visual identity of the Institute. In terms of development, special emphasis will be placed on the development of geoinformatics, with plans to launch a robust geographic information system (GIS) that the Institute has not previously engaged in, and Slovenia represents a significant market for this type of service. Significant investments are also anticipated in the development of new software, obtaining necessary licenses, and acquiring additional equipment. The main reason for the acquisition of GZS, as stated by Geofoto, is to strengthen the capacity of the Geofoto Group for projects in the European Union and worldwide. They explained that GZS has a long and successful business tradition, top-notch experts, and is the largest surveying institute in the former Yugoslavia. Its integration into the Geofoto Group was a logical step in fulfilling Geofoto’s vision of becoming the leading company in the field of geodesy and geoinformatics in Europe, they emphasized in the company.

They also state that the development strategy of GZS anticipates a revenue growth of 20 percent annually, the employment of additional experts, and the development of new business models such as public-private partnerships and geoportals. With the acquisition of GZS, as well as the earlier acquisition of the largest Macedonian geodetic-informatics company Zenit, Geofoto has solidified its position in the markets of Western and Southeastern Europe, positioning itself as the second-largest surveying company in Europe and one of the ten most successful surveying companies in the world. The Geofoto Group provides its services in countries across Europe, Central America (Nicaragua), Africa (various projects in Ivory Coast), and the Middle East (United Arab Emirates and Saudi Arabia).  (H)