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Benefits of transaction to Lloyd's Register.

Sale of Business Assurance & Inspection Services division part of Lloyd’s Register’s maritime-focussed growth strategy.

Nick Brown
Nick Brown, Chief Executive of Lloyd’s Register Group

“This transaction builds on our 260-year heritage in the maritime industry and will strengthen our ability to take our compliance offering to the next level, expand our risk and advisory services and develop industry-leading digital solutions. It will also provide greater focus to build LR’s role as a leading industry advisor for maritime supply chain safety, resilience, efficiency and performance.”

 

Transaction rationale

Accelerating our strategic growth and enhancing our service offer

We’ll have additional capital to expand our role and service offering, as we work to become the maritime industry’s go-to partner and adviser for compliance, performance and sustainability. Now more than ever before we believe the maritime industry needs a specialist trusted partner and adviser, capable of helping companies tackle the risks head on, while taking advantage of the opportunities that business transformation inevitably presents.

 

Becoming a better partner to customers and the maritime supply chain

As an entirely maritime-focused organisation, we will be better able to advise our clients with the deep sector and technical expertise that is required in these challenging times. We’ll accelerate the things that we've begun to do, evolving our compliance offering, expanding our risk and performance advisory services and investing in market-leading digital solutions, both organically and through acquisitions.

 

Supporting our purpose to make the world safer

Our growth ambitions support our purpose to make the world safer, with the profits we generate funding research into tomorrow’s maritime challenges through the Lloyd’s Register Foundation. Transforming our own business will ensure we continue helping the ocean economy to thrive in the future.

Find out more about the transaction

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