UK naval architects the AqualisBraemar LOC Group (ABL Group) has entered into an agreement to acquire the UK operations of ship design and marine consultancy company OSD-IMT from the Damen Shipyards Group of the Netherlands.
The acquisition covers OSD-IMT's offices in Bideford, North Devon, and Dundee, Scotland. Details of the value of the transaction have not been disclosed by the parties.
OSD-IMT will work closely with ABL company Longitude Engineering, which specialises in marine operations engineering and marine design, conversion, and upgrade of specific vessel types that complement OSD-IMT's portfolio.
The parties expect the acquisition be completed by the end of November 2021.