
GERMANISCHER LLOYD (HAMBURG, GERMANY) . . .
acquires the British Advantica Holding, based in Loughborough, with 660 employees worldwide from National Grid plc. With this acquisition, Germanischer Lloyd will double its turnover in the oil and gas industry and significantly strengthen its position in the UK, Middle East and U.S. markets.
To date, the Germanischer Lloyd Industrial Services unit has focused on asset and process safety, production know-how and inspections as well as evaluation of structures and safety related components. Advantica offers project consulting services for oil and gas production, storage, LNG terminals, pipeline engineering as well as gas, electricity and water distribution networks combined with the corresponding software solutions and consulting services for installation performance, maintenance and process control.
Following the acquisition, Germanischer Lloyd will double the turnover in the industrial services unit to more than 200 million Euros. It is currently the fastest growing operating area of the Germanischer Lloyd Group. Its international network will be expanded to more than 50 offices in 32 countries.