Technical consultancy AqualisBraemar is building its global footprint by buying 100% of rival LOC Group.
The move means the Oslo-listed offshore, shipping and oil and gas group, which was spun off by UK shipbroker Braemar Shipping Services earlier this year, will now operate in 39 countries. That is up from a pervious footprint in 33 countries.
AqualisBraemar chief executive David Wells said: "Our strategy is clear; we want to leverage on our position within the shipping industry to support the global energy transition."
