LR completes OTG acquisition

LR will be combining OTG with LR OneOcean (OO) having acquired OneOcean in 2022.

OTG provides critical training, compliance, operational and software to more than 1,000 shipowners and operators and more than one million seafarers around the world. This acquisition means that Lloyd’s Register will now be able to offer these solutions across a combined fleet of over 30,000 vessels across the globe.

Nick Brown, CEO of LR, said, “Our combined expertise enhances our ability to meet the evolving needs of an industry in energy transition and to drive innovation.

“The merger allows us to offer an unmatched suite of digital solutions that integrate human capital management (HCM) and operational software. Clients will benefit from a one-stop solution, streamlining their operations and improving efficiency.”

Thomas Zanzinger, CEO of OTG, said: “Becoming a part of Lloyd’s Register rapidly expands our capabilities within an organisation that aligns perfectly with our mission, , and values as we support our industry towards a digital and sustainable future.

“Our leadership team, drawn from LR OO and OTG is dedicated to ensuring a seamless integration process that prioritises client satisfaction and agile innovation.”