{"id":17787,"date":"2021-04-21T09:00:00","date_gmt":"2021-04-21T08:00:00","guid":{"rendered":"https:\/\/abl-group.com\/abl\/?p=17787"},"modified":"2022-06-07T11:27:59","modified_gmt":"2022-06-07T10:27:59","slug":"aqualisbraemar-and-loc-group-completes-company-integration-process","status":"publish","type":"post","link":"https:\/\/abl-group.com\/abl\/all-media\/news\/aqualisbraemar-and-loc-group-completes-company-integration-process\/","title":{"rendered":"AqualisBraemar and LOC Group completes company integration process"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"532\" src=\"https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2021\/04\/ABL_acquisition-1024x532.jpg\" alt=\"\" class=\"wp-image-17868\" srcset=\"https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2021\/04\/ABL_acquisition-1024x532.jpg 1024w, https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2021\/04\/ABL_acquisition-300x156.jpg 300w, https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2021\/04\/ABL_acquisition-768x399.jpg 768w, https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2021\/04\/ABL_acquisition.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Following the completion of AqualisBraemar\u2019s acquisition of LOC Group in December 2020, the two groups have successfully finalised their integration process ahead of the original schedule, operating as AqualisBraemar LOC group effective from today.&nbsp;<\/strong><\/p>\n\n\n\n<p>The two companies have thereby created a leading global independent offshore energy and marine consultancy. In total, AqualisBraemar LOC has over 800 technical staff and specialist consultants in 303 locations worldwide, including 60 offices across 38 countries.&nbsp;<\/p>\n\n\n\n<p><em>\u201cFor our clients in the energy and marine sectors \u2013 including renewables and oil and gas \u2013 this successful integration means one plus one equals three. We are now able to offer clients a much wider and more efficient service offering through a broader competence base and increased capacity worldwide,\u201d<\/em> says David Wells, CEO of AqualisBraemar LOC.<\/p>\n\n\n\n<p>Together, the companies have identified an estimated USD 3.5 million in annual cost synergies. This includes facility redundancy, utilisation improvement, capital efficiency and SG&amp;A optimisation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Renewables commitment<\/h3>\n\n\n\n<p>AqualisBraemar LOC maintains its ambition that 50 per cent of the group\u2019s revenues should still come from the renewables sector and other sustainability and CO2-reducing activities in 2025.<\/p>\n\n\n\n<p>By joining the fast-growing specialist renewable entities of AqualisBraemar\u2019s offshore wind consultancy firm OWC and LOC Group\u2019s Innosea and other renewable focused units such as Longitude and recently acquired East Point Geo, the combined group will double its capacity within renewables.&nbsp;<\/p>\n\n\n\n<p>The group\u2019s strategy is to grow through continued expansion in the rapidly growing offshore renewables industry, and leverage on its leading position within shipping and oil and gas markets, to support the global energy transition.<\/p>\n\n\n\n<p><em>\u201cThe enlarged organisation brings together a highly comprehensive pool of expertise across marine and engineering disciplines, including new capabilities in growth technology areas to support energy transition initiatives across the offshore and marine landscape. We are well-positioned to continue as a leading adviser to the renewable industries and advise, support and help de-risk projects as clients in other industries look to transition to more sustainable practices,\u201d<\/em> says David Wells.&nbsp;<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following the completion of AqualisBraemar\u2019s acquisition of LOC Group in December 2020, the two groups have successfully finalised their integration process ahead of the original schedule, operating as AqualisBraemar LOC group effective from today.&nbsp; The two companies have thereby created a leading global independent offshore energy and marine consultancy. In total, AqualisBraemar LOC has over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[],"sector":[],"service":[],"company":[729],"class_list":["post-17787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","company-innosea"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.6 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AqualisBraemar and LOC Group completes company integration process - ABL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/abl-group.com\/abl\/all-media\/news\/aqualisbraemar-and-loc-group-completes-company-integration-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AqualisBraemar and LOC Group completes company integration process\" \/>\n<meta property=\"og:description\" content=\"Following the completion of AqualisBraemar\u2019s acquisition of LOC Group in December 2020, the two groups have successfully finalised their integration process ahead of the original schedule, operating as AqualisBraemar LOC group effective from today.&nbsp; The two companies have thereby created a leading global independent offshore energy and marine consultancy. In total, AqualisBraemar LOC has over [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/abl-group.com\/abl\/all-media\/news\/aqualisbraemar-and-loc-group-completes-company-integration-process\/\" \/>\n<meta property=\"og:site_name\" content=\"ABL\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-21T08:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-07T10:27:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/abl-group.com\/abl\/wp-content\/uploads\/2021\/04\/ABL-acquisition-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"George Lenox\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"George Lenox\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/aqualisbraemar-and-loc-group-completes-company-integration-process\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/aqualisbraemar-and-loc-group-completes-company-integration-process\\\/\"},\"author\":{\"name\":\"George Lenox\",\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/#\\\/schema\\\/person\\\/1a54a8404066452ce3b217824eadc7f5\"},\"headline\":\"AqualisBraemar and LOC Group completes company integration process\",\"datePublished\":\"2021-04-21T08:00:00+00:00\",\"dateModified\":\"2022-06-07T10:27:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/aqualisbraemar-and-loc-group-completes-company-integration-process\\\/\"},\"wordCount\":338,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/aqualisbraemar-and-loc-group-completes-company-integration-process\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/ABL-acquisition-featured.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/aqualisbraemar-and-loc-group-completes-company-integration-process\\\/\",\"url\":\"https:\\\/\\\/abl-group.com\\\/abl\\\/all-media\\\/news\\\/aqualisbraemar-and-loc-group-completes-company-integration-process\\\/\",\"name\":\"AqualisBraemar and LOC Group completes company integration process - 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