Lloyd’s Register has acquired OneOcean, a supplier of voyage compliance, safety and environmental solutions, from Equistone Partners Europe (Equistone), a European mid-market private equity firm.
The pedigree of OneOcean will expand and complement LR’s existing digital solutions, including fleet management (Hanseaticsoft) and vessel performance and optimisation (i4 Insight, C-MAP Commercial and Greensteam) portfolios.
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OneOcean solutions are currently used to support and optimise compliance, safety and environment, increasing transparency and simplifying complex regulations and tasks to enable teams to work more transparently for efficiency and enhanced decision making.
OneOcean was created by the merger of ChartCo, in which Equistone first invested in 2016, and Marine Press in 2019.
LR Group CEO Nick Brown said:
We recognise that there has never been a more pressing need for specialist maritime advisers to guide and support clients through the fundamental changes they face, helping to define the route to compliance, operational efficiency, sustainability and competitive agility
The deal is subject to regulatory clearance and is expected to be complete by the end of the summer.