ABL Group has entered into an agreement to acquire 100 percent of the shares in Brazil-based naval architecture and engineering consultancy, Proper Marine. The acquisition will expand the Group’s technical centre of excellence in design and engineering for maritime and offshore energy construction and operations.
'We are delighted to welcome Proper Marine into ABL Group. This transaction will significantly increase our global expertise in design and engineering and enhance our local capacity to support the Americas. Proper Marine’s services are highly complementary to that of our own design house, Longitude, enabling us to bring design solutions to more clients and in more markets. Furthermore, this transaction reflects ABL Group’s commitment to the Brazilian market, following the in-country growth of our marine and renewable energy branches ABL and OWC. Recognising the strategic significance of the country’s maritime and energy sectors, the expansion of local design capabilities was the logical next step, and we are thrilled to do this together with Proper Marine,' says Reuben Segal, CEO of ABL Group.
Upon completion of the acquisition, Proper Marine will be merged with ABL Group’s design house, Longitude.
Click here for full announcement
Source: ABL Group
