AqualisBraemar LOC to Acquire UK Ops of Ship Designer OSD-IMT from Damen

Jake Anderson - Credit: Aqualis Braemar LOC

Jake Anderson – Credit: Aqualis Braemar LOC

AqualisBraemar LOC, a power as well as aquatic sector working as a consultant, has actually accepted purchase the UK procedures of ship style as well as aquatic working as a consultant business OSD-IMT from the Dutch- based Damen Shipyards Group.

OSD-IMT is an expert working as a consultant in ship style for brand-new develop, recondition, as well as conversion jobs. The business runs the renewables, maritime, protection, as well as overseas oil as well as gas markets.

“Combining OSD-IMT’s wide track record with ABL Group’s own expertise in specialist ship design, marine consultancy and marine operations creates an end-to-end capability that allows us to support our clients throughout the lifecycle of their projects, from advisory through design to decommissioning,” says Jake Anderson, Group MD for Engineering Services at ABL Group and Managing Director of Longitude Engineering.

ABL Group is acquiring the UK operations of OSD-IMT, which has offices in Bideford, North Devon, and Dundee, Scotland, for an undisclosed cash amount from current owner Damen Shipyards Group. The UK operations of OSD-IMT generated revenues of EUR 1.4 million in 2020 and have 11 employees.

OSD-IMT will work with ABL Group company Longitude Engineering, which specialises in marine operations engineering and marine design, conversion and upgrade of specific vessel types that complement OSD-IMT’s portfolio.

According to a press release issued Thursday, more than 150 OSD-IMT designed ships have been launched to date. The portfolio also includes designs of zero-emission ships powered by battery, hydrogen, and methanol power systems.

” OSD IMT’s task profile praises Longitude’s expanding track-record in the style as well as growth of tidy delivery modern technology, with experience in hybrid-propulsion, LNG as well as hydrogen fuelled-vessels. A crucial critical goal for the procurement is consequently to use both mixed experience from zero-emission as well as high-efficiency ship style to aid customers on their power shift trip,” AqualisBraemar LOC claimed.

“This acquisition verifies our group commitment to drive the energy transition across all our market sectors. An example being that vessels are an indisputable and vital part of the value chain across the complete lifecycle of an offshore project or asset. Their carbon footprint impacts the sustainability of all projects no matter the sector. Furthermore, innovating ship design solutions is more important than ever when you consider the huge demand for construction vessels in emerging markets for offshore wind,” includes Anderson.

The procurement is forecasted to be finished by the end of November 2021.

Source of This New