BDO provided vendor due diligence London Offshore Consultants on the sale to AqualisBraemar.
LOC provides consultancy and engineering services to the offshore renewables, oil & gas and shipping sectors. It has a Global office network consisting of 39 offices in 25 countries, and over 400 employees.
The combination with AqualisBraemar will create a leading independent offshore energy and marine consultancy business.
The acquisition will allow the combined group to leverage its leading position within the shipping and oil & gas sectors, and to take advantage of the rapidly growing renewables industry with a target of 50% renewables and sustainability orientated services by 2025.