LR and Ocean Technologies Group Unite for Industry-Wide Digital Innovation

Capt. John
  • Lloyd’s Register is acquiring Ocean Technologies Group to expand its digital solutions in the maritime industry.
  • The acquisition supports LR’s goal to lead in maritime software and aid in the industry’s energy transition.
  • The deal is expected to finalize in Q4 2024, pending regulatory approvals.

Lloyd’s Register Group (LR), a global provider of maritime services, has agreed to acquire Ocean Technologies Group (OTG) from Oakley Capital, a European private equity firm. This acquisition marks a...

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