OC&C Support Lloyd’s Register in Acquisition of OTG

Congratulations to Lloyd’s Register (LR) on their acquisition of Ocean Technologies Group (OTG). OC&C provided buy-side due diligence to support the deal.

Lloyd’s Register is a a global professional services group specialising in marine engineering and technology. LR now offers a wide range of services and software to provide its clients with trusted advice on the safety and performance of vessels and related assets. The acquisition of OTG will allow LR to provide a complete end-to-end energy transition solution for clients from advisory and feasibility studies on alternative fuels to the training and development of seafarers on the handling and use of those fuels.

Ocean Technologies Group provides critical training, compliance, operational and HR software to c.17,000 vessels and over  one million seafarers across the world. LR aim to combine OTG with their digital business, OneOcean, to create one of the  largest software platforms in maritime, accelerating the digital transformation of the industry.

We look forward to seeing Lloyd’s Register embark on this exciting chapter.

OC&C and Private Equity

We’re a leading global strategy consultancy with vast experience in the B2B sector and Education, working with both major global corporations and local champions. We’ve advised investors on some of the largest transactions worldwide in recent years, encompassing sell-side and buy-side roles.