FOLLOWING AqualisBraemar’s acquisition of LOC Group in December 2020, the two groups have now successfully completed their integration process ahead of original schedule, operating as AqualisBraemar LOC group effective from today.
The integration allows AqualisBraemar LOC to offer clients in the shipping and maritime industries an even broader service offering and higher operational support capacity in more locations.
David Wells, CEO of AqualisBraemar LOC said, “For our clients in the shipping, maritime and insurance industries, this successful integration means one plus one equals three.
“We are now able to offer clients a much more complete and efficient service offering through a broader competence base and increased capacity worldwide.”
The integration brings together two companies supporting maritime and insurance industries, across shipping, defence, ports and harbours, small craft and yachts. It also enhances the group’s recognised position as a provider of marine casualty management services, including salvage and wreck removal support.
In total, AqualisBraemar LOC now has over 800 technical staff and specialist consultants in 303 locations worldwide, including 60 offices across 38 countries.
Within the maritime industries, AqualisBraemar LOC operates through three brands that going forward will continue to operate independently, whilst also co-operating closely to facilitate an even more complete service offering to clients:
– AqualisBraemar LOC: marine warranty, marine casualty management, expert witness, and marine engineering consulting for shipping, defence, ports and harbours, small craft and yachts.
– Longitude: independent engineering, design and analysis supporting maritime operations and assets.
– ABL Yachts: Superyacht surveyors and consultants.
AqualisBraemar LOC maintains its ambition that 50% of the group’s revenues should come from the renewables sector and other sustainability and CO2-reducing activities by 2025.
The enlarged group brings together broader capabilities and experience in clean shipping technologies, including hybrid-propulsion, fuel cell and other battery-powered technology for vessels.