AqualisBraemar to acquire LOC Group

2020-11-23T13:26:00+00:00

AqualisBraemar has entered into an agreement to acquire LOC Group.

David Wells, ceo of AqualisBraemar, said that the company wants to leverage its position within oil and gas markets to support the global energy transition: “LOC Group, with its strong and highly complementary footprint within the same industries, is a perfect fit for this strategy.”

The combined group will be a global independent energy and marine consultancy firm, operating across 85 offices in 39 different countries.

LOC Group’s ceo, Dr R. V. Ahilan, will take on the role of chief energy transition officer and will join the combined group’s executive management team.

Closing of the acquisition is expected around December 21, 2020.

www.aqualisbraemar.com

www.loc-group.com

Topics

Article
Argentia’s growing role in global energy

2024-11-21T08:00:00Z By Gregory DL Morris and David Kershaw

From hosting North America’s first wind turbine marshalling yard to preparing for the tow-out of a colossal concrete gravity structure (CGS), the port of Argentia is rapidly transforming into a nexus for renewable energy projects and heavy lift operations. As demand for green hydrogen and sustainable fuels grows, Argentia’s developments signal a bright future for project cargo in Newfoundland and beyond.
News
Mammoet to marshal 116 XXL monopiles at Buss Terminal Eemshaven

2024-11-19T07:48:00Z By David Kershaw

Mammoet has signed a contract with Buss Ports to marshal wind turbine foundations for two of Europe’s biggest offshore wind farm projects: RWE’s Nordseecluster A (Germany) and Thor (Denmark).
News
Taranto signs nine-year concession with Vestas

2024-11-19T07:41:00Z By David Kershaw

The port of Taranto, Italy, granted wind turbine OEM Vestas a nine-year licence to use the Taranto port platform.