Lloyd’s Register acquires WEST Engineering Services
Risk management group Lloyd’s Register has acquired WEST Engineering Services, the companies announced at a press conference at the 2012 OTC on 30 April in Houston. WEST Engineering Services, which focuses on subsea systems, is joining the Lloyd’s Register group effective 1 May.
“The acquisition of WEST further expands the global portfolio of technical services we can offer to the drilling sector, building on the world-class support we already provide through our energy team, which includes the ModuSpec group, ODS and the Scandpower group,” said John Wishart, Lloyd’s Register’s energy director.
Paul Huber, president of Lloyd’s Register Americas, will assume the role of WEST’s president in place of Michael Montgomery. WEST’s employees will be co-located with ModuSpec USA, headed by Duco de Haan as CEO and managing director, in Houston. Over time, it is expected that the two companies will fully integrate as a single entity.
ModuSpec, which became a member of Lloyd’s Register in 2008, and WEST will together employ more than 550 people.