Lloyd’s Register (LR) has completed the acquisition of Ocean Technologies Group (OTG), a provider of human capital management and operational software for the maritime industry. LR bought the company from European private equity firm Oakley Capital.
It follows the acquisition of OneOcean (OO) in 2022, and the purchase of a fifty per cent stake alongside the International Chamber of Shipping (ICS) in ISF Watchkeeper in 2023.
By combining with LR OneOcean and OTG, LR seeks to deliver more value, enhanced safety and drive sustainable growth for clients and the sector as a whole.
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From training to HR software
OTG provides critical training, compliance, operational and HR software to more than 1000 shipowners and operators and more than one million seafarers around the world. This acquisition means that LR will now be able to offer these solutions across a combined fleet of over 30,000 vessels across the globe.
‘With OTG now part of LR and combined with LR OneOcean, we are uniquely positioned to lead the way in maritime digitalisation and decarbonisation as a trusted partner,’ says Nick Brown, CEO of Lloyd’s Register. ‘The merger allows us to offer an unmatched suite of digital solutions that integrate human capital management (HCM) and operational software. Clients will benefit from a one-stop solution, streamlining their operations and improving efficiency.’
Thomas Zanzinger, CEO of OTG, adds: ‘Becoming a part of Lloyd’s Register rapidly expands our capabilities within an organisation that aligns perfectly with our mission, vision and values as we support our industry towards a digital and sustainable future. Our leadership team, drawn from LR OO and OTG is dedicated to ensuring a seamless integration process that prioritises client satisfaction and agile innovation.’
Picture: Nick Brown, CEO of Lloyd’s Register (photo by LR).
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