LOC Group is to join forces with AqualisBraemar – forming a leading marine, engineering and adjusting consultant in renewables, maritime, oil & gas and power sectors.

“The consulting space within marine and offshore energy – including renewables and oil and gas – is ripe for consolidation. Our customers’ needs are rapidly evolving, with many branching out into new energy sources, and we believe our joint increased scale and wider global footprint will help us cater for those requirements,” says Dr R. V. Ahilan, CEO of LOC Group.

“Our strategy is clear; we want to grow through continued expansion in the rapidly growing offshore renewables industry, and leverage on our market leading position within shipping and oil and gas markets, to support this energy transition. LOC Group, with its strong and highly complementary footprint within the same industries, is a perfect fit for this strategy and will support our ambition of consistently returning capital to our shareholders,” says David Wells, CEO of AqualisBraemar.

AqualisBraemar is an Oslo-listed group that offers consultancy services to the offshore energy industries, including renewables and oil and gas, plus shipping and insurance industries. It operates under three brand names: AqualisBraemar, AqualisBraemar Yacht Services, and offshore wind consulting firm OWC.

KeyFacts Energy Industry Directory: LOC Group