Aqualis completes Braemar Acquisition

Shailaja A. Lakshmi
Friday, June 21, 2019

Offshore engineering consultant Aqualis has completed the acquisition of the London-based Braemar Shipping Services' offshore, adjusting and marine consultancy business Braemar Technical Services (BTS).

The new company, called AqualisBraemar, said it will benefit from access to new capabilities, a broader suite of services, a bigger workforce and increased geographical footprint.

 “I have looked forward to this day. Combining our companies gives us greater critical mass within the marine and energy markets and means we will be much better positioned going forward. With our larger scale, more resources and our talented people, we will improve our ability to meet our clients’ needs globally," said David Wells, CEO of AqualisBraemar.

"Our ambition is to meet the increasing expectations of our industry globally and to be recognized as the ‘go to’ consultant of the shipping and energy markets. The work for ensuring a successful integration begins now," he added.

With the acquisition of BTS, AqualisBraemar is now represented with 48 offices in 33 countries across 5 continents. “We are looking forward to welcoming our highly skilled new colleagues. Together we will work for fast and smooth integration of people, cultures, services and innovative work”, says Reuben Segal, COO of AqualisBraemar.

As resolved by the AGM, Braemar CEO James Kidwell today began his term as a member of the Board of Directors of AqualisBraemar.

Categories: People & Company News Legal Offshore Mergers & Acquisitions

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