Lloyd’s Register Finalizes Acquisition of Ocean Technologies Group Company

Lloyd’s Register (LR), a global provider of maritime professional services and digital solutions, has recently acquired Ocean Technologies Group (OTG), a leading provider of human capital management and operational software for the maritime industry. This acquisition, along with LR’s previous acquisition of OneOcean in 2022 and a stake in ISF Watchkeeper in 2023, positions LR as a leader in maritime digitalization and decarbonization.

By combining LR OneOcean and OTG, LR aims to deliver enhanced safety, value, and sustainable growth for clients and the maritime sector. OTG provides critical training, compliance, operational, and HR software to over 1,000 shipowners and operators, benefiting more than one million seafarers worldwide. LR will now offer these solutions to a combined fleet of over 30,000 vessels globally.

Nick Brown, CEO of Lloyd’s Register, expressed excitement about the acquisition, highlighting the company’s unique position to drive innovation and meet the evolving needs of the industry in energy transition. The merger allows LR to offer a suite of digital solutions integrating human capital management and operational software, streamlining operations and improving efficiency for clients.

Thomas Zanzinger, CEO of OTG, emphasized the alignment of values and mission between OTG and LR, stating that the acquisition expands their capabilities within an organization dedicated to supporting the industry’s digital and sustainable future. The leadership team from LR OneOcean and OTG is committed to ensuring a seamless integration process that prioritizes client satisfaction and agile innovation.

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