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.