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21 October 2020 The on-line newspaper devoted to the world of transports 06:59 GMT+2

October 7, 2020

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Lloyd's Register sells business in the sector energy

It will be acquired by the London-based Private equity Inspirit Capital

The engineering and technology services company Lloyd's Register (LR) UK classification and certification signed a binding agreement to divest its assets london-based private sector Equity Inspirit Capital. The sale is expected to be completed later this month.

In the 2018-2019 financial year, which ended June 30, 2019, the Energy business generated revenues of 143.5 million pounds out of a total turnover of 427.7 lloyd-millions of pounds of the Lloyd's Register Foundation, which owns LR.

"As part of a strategic review of our ongoing activities - explained the CEO of LR, Alastair Marsh - we decided that this transaction is the best option to realise the potential long-term growth of our business in the sector energy. LR Energy - Marsh recalled - offers solutions engineers of excellence across the industry and the partnership Inspirit provides you with additional support and investment support its growth goals." Marsh specified "The LR Group continues to be committed to the continuing to support its customers through the certification of compliance in the offshore, digital products and inspection services, in the event that collaboration with our former colleagues at LR Energy."

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