OneOcean CEO Martin Taylor (left) and LR Group CEO Nick Brown
In one other transfer to increase its digital fleet administration and optimization functionality, Lloyd’s Register (LR) is to acquired OneOcean, a number one provider of voyage compliance, security and environmental options, from personal fairness agency Equistone Partners Europe.
LR says the pedigree of OneOcean will increase and significantly complement its present digital options, which embody fleet administration (Hanseaticsoft) and vessel efficiency and optimization (i4Insight, C-MAP Commercial and Greensteam) portfolios.
OneOcean options are presently utilized by greater than 16,000 vessels to help and optimize compliance, security and setting, rising transparency and simplifying complicated laws and duties to allow groups to work extra transparently for effectivity and enhanced determination making.
OneOcean was created by the merger of ChartCo, by which Equistone first invested in 2016, and Marine Press in 2019. With Equistone’s help, OneOcean has modified and grown quickly, with 4 acquisitions, two divestments, a merger and a whole cultural change from product distributor to modern software program options supplier.
“The acquisition of OneOcean propels LR to the position of a leading digital player in the maritime industry enabling clients to make better commercial day-to-day decisions, reducing risks, improving operation efficiencies and critically meeting complex maritime regulatory requirements.” stated LR Group CEO Nick Brown. “We recognize that there has never been a more pressing need for specialist maritime advisers to guide and support clients through the fundamental changes they face, helping to define the route to compliance, operational efficiency, sustainability and competitive agility. With this acquisition, LR will be an even more valuable partner to our clients.”
“We are really looking forward to working with Nick and his team to create a catalyst for change in an industry that needs to adapt as rapidly as when coal replaced sails,” stated OneOcean CEO Martin Taylor. “OneOcean has grown phenomenally over the last 20 years to be a clear market leader, now joining the LR family provides a fantastic home for the next chapter of growth. Together we have the scale, reputation and expertise – combining both digital and advisory capabilities – to meet the challenges faced by the industry. This is an exciting move for OneOcean, LR and the wider maritime community.”
The deal is topic to regulatory clearance and is anticipated to be full by the top of the summer time.
