Lloyd's Register acquires ModuSpec

Lloyd's Register has acquired ModuSpec, a supplier of rig inspection and risk management services to the drilling industry.

Offshore staff

LONDON -- Lloyd's Register has acquired ModuSpec, a supplier of rig inspection and risk management services to the drilling industry.

"The acquisition of ModuSpec underlines our strategy to position Lloyd's Register as the leading provider of compliance, integrity, and specialized consultancy services to clients throughout all sectors of the oil and gas industry, satisfying increasing demands for safe and sustainable operations. It is an exciting time of opportunity for both companies' employees," says Iain Light, Lloyd's Register's oil and gas director.

ModuSpec has 250 employees over eight offices with operations in the Netherlands, Singapore, Australia, UK, Canada, USA, and Brazil. According to Lloyd's, ModuSpec will continue to be an autonomous company, organized and managed as it is currently, but will be very closely interlinked with Lloyd's Register's oil and gas business so they can develop one global strategy for the future.

01/21/2008

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