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LR focused on maritime growth strategy with sale of industrial digital products

Total Specific Solutions acquired Risk Spectrum and SubSurface, and AllAssets is being sold to Pinnacle Reliability.

Lloyd’s Register, a global provider of professional services specialising in engineering and technology solutions, has announced the sale of its industrial digital products unit.

Subsurface, a best-in-class geoscience platform, and RiskSpectrum, a market-leading risk and reliability software solution were acquired by two separate funds managed by Total Specific Solutions (TSS) while Pinnacle has purchased AllAssets, an asset performance management software solution.

Total Specific Solutions is a leading provider of IT business solutions, which is part of Constellation Software Inc. (CSI), a public company listed on the Canadian Stock Exchange.

Pinnacle is a leading reliability analytics firm, which is focused on growing its software-led solutions and investing in technology across the same industries as AllAssets.

The move is a further step in Lloyd’s Register’s strategy to become the go-to partner and trusted adviser for compliance, performance and sustainability to the maritime industry and broader ocean economy.

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