Lloyd's Register Acquires Ocean Technologies Group from Oakley Capital

September 2, 2024

Lloyd's Register Group is acquiring Ocean Technologies Group (OTG) from Oakley Capital Fund IV to expand its digital maritime services by combining OTG with LR’s OneOcean business. The deal brings OTG’s training, compliance, operational and HR software — used across thousands of vessels and more than one million seafarers — into LR’s broader maritime software and professional services platform; closing is subject to customary regulatory approvals and financing support has been provided by J.P. Morgan.

Buyers
Lloyd's Register Group
Targets
Ocean Technologies Group
Sellers
Oakley Capital Fund IV (Oakley Capital)
Industry
Software
Location
United Kingdom
Transaction Type
Buyout

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