Acquisition expands our presence in the India's nuclear power sector

05/07/2012

Mumbai-based nuclear risk specialists, Reltech Consulting have joined the group's newly formed LR Scandpower Risk Consultancy.

Lloyd’s Register has acquired the business and principal assets of the Mumbai-based nuclear risk specialists, Reltech Consulting (Reltech), in a move designed to further strengthen its historic presence in the Indian energy sector

We have acquired Mumbai-based nuclear risk specialists, Reltech Consulting (Reltech), in a move designed to further strengthen our historic presence in the Indian energy sector.
 
The business and assets of Reltech, which provides safety-management services to a multinational civil nuclear client base, have been transferred to the newly formed LR Scandpower Risk Consultancy Pvt. Ltd., completing another major step in the strategic expansion of Lloyd’s Register’s global nuclear business.
 
Scandpower AS, which provides independent technical risk services to the energy and transport industries, was purchased by Lloyd’s Register in 2009.
 
“This is an important acquisition for Scandpower in that it greatly strengthens our presence in India, one of the world’s fastest growing markets for nuclear power,” said Bjorn Inge Bakken, Chief Executive of the Scandpower Group. “We have a long history of activity in India, where all existing nuclear power plants and regulators already use our RiskSpectrum software. Building a stronger local presence gives us the additional manpower and technical resources we need to serve the expanding Indian market and our global nuclear clients.”

For more details see the full press release