- Published: 13 May 2019 13 May 2019
Aqualis, the parent of Offshore Wind Consultants and Aqualis Offshore, has entered into an agreement to acquire the marine, adjusting, and offshore business lines from Braemar Shipping Services. The combined company will be renamed AqualisBraemar. Offshore Wind Consultants will continue to operate and trade under its current brand name.
The two companies, plus Offshore Wind Consultants’ sister company Aqualis Offshore, have a complementary geographical footprint, with offices all over the world. The combined company’s head office will be located in London, UK. David Wells will continue as CEO of the group. The combined company will be divided into four divisions: Renewables, Offshore, Marine and Adjusting. It will have a total of more than 430 full-time equivalent employees globally. The combined company’s revenue for the twelve months ended December 31, 2018 was approximately USD 76 million, with Aqualis-companies Aqualis Offshore and Offshore Wind Consultants representing approximately USD 36 million and Braemar Technical Services representing approximately USD 40 million.