Lloyds Register Group has agreed to acquire Ocean Technologies Group (OTG), a provider of human capital management and operational software for the maritime industry, from European private equity firm Oakley Capital. Founded in 1760, Lloyds is a global provider of maritime professional services and digital solutions. OTG provides crucial training, compliance, and HR software to over 1,000 shipowners and more than one million seafarers worldwide. This acquisition, following earlier purchases of OneOcean in 2022 and a 50% stake in ISF Watchkeeper in 2023, aims to bolster Lloyds’ offering with end-to-end energy transition solutions, particularly for the training on alternative fuels and engines. Lloyds’ CEO Nick Brown highlighted that this move reinforces the company’s long-standing focus on maritime safety and performance, positioning them to support digital transformation within the industry. OTG’s CEO Thomas Zanzinger expressed optimism about expanding their capabilities within Lloyds, advancing towards a sustainable digital maritime future.
Maritime, Technology, Private Equity, Human Capital Management,Global, European Union
https://businesscloud.co.uk/news/lloyds-register-makes-waves-with-major-maritime-deal/