Lloyd’s Register Group (LR) has completed the acquisition of Ocean Technologies Group (OTG) from the firm Oakley Capital.
This follows the acquisition of OneOcean (OO) in 2022, and the purchase of a 50 per cent stake alongside the International Chamber of Shipping (ICS) in ISF Watchkeeper in 2023. As informed, OTG provides training, compliance, operational and HR software to more than 1,000 shipowners and operators and more than one million seafarers around the world.
We are delighted to have completed the acquisition of Ocean Technologies Group. With OTG now part of LR and combined with LR OneOcean, we are uniquely positioned to lead the way in maritime digitalisation and decarbonisation as a trusted partner.
… said Nick Brown, CEO of Lloyd’s Register
Becoming a part of Lloyd’s Register rapidly expands our capabilities within an organisation that aligns perfectly with our mission, vision and values as we support our industry towards a digital and sustainable future.
… commented Thomas Zanzinger, CEO of OTG
