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November 23, 2020

For further information, please contact:

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.

LOC Group and AqualisBraemar to join forces

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.

 

For further information:

LOC Group

Katie Tunkina

Tel: +44 (0)20 7264 3436

Email: k.tunkina@loc-group.com


Celicourt Communications

Mark Antelme / Jimmy Lea

Tel: +44 (0)20 8434 2754

Email: LOC@celicourt.uk

 

ABOUT LOC

LOC Group, founded in 1979, is an international marine and engineering consulting firm that operates under four brand names: LOC, Innosea, Longitude and JLA (John LeBourhis). LOC operates in the shipping, oil and gas, and renewables sectors, providing loss prevention and loss management services, as well as marine and engineering consultancy services. Innosea is an independent engineering firm that specialises in the renewables sector. Longitude provides independent engineering and design consulting to the shipping, oil and gas and renewables sectors, while JLA delivers rig-related approval services around the globe. Headquartered in London, the group employs 416 people and operates worldwide in over 30 offices located in Europe, Africa, Americas, Middle East, Asia and Australia.