AqualisBraemar aquires LOC Group

Another consolidation in the Marine Consultant and Warranty Survey business:

Both of the companies that is involve in this deal has, through earlier mergers and acquisitions, their roots in Noble Denton & Associated Ltd. started by Capt. David Noble and Dr. Tony Denton in 1971. Capt. Noble had “invented” the Warranty Survey business in the mid-1960s as an adviser for Lloyds Insurance on the towing of “unusual floating objects” (i.e. offshore drilling rigs etc.) across oceans.
NDA is now part of DNV GL.

LOC was formed by 4 employees who jumped off from NDA in 1979 (known alternatively as “the 4 stooges” or “the gang”, depending on where you stand)

AqualisBraemar is also an offspring from NDA of sort, at least the MWS part. The CEO and most of the Surveyors has a background from NDA.

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