15 December 2021 - Energy and marine consultancy AqualisBraemar LOC Group (ABL
Group) has successfully completed the acquisition of the UK operations of ship
design and marine consultancy company OSD-IMT from Damen Shipyard Group.

OSD-IMT is a specialist consultancy in ship design for newbuild, refit and
conversion projects. The company operates in all key marine markets - including
the renewables, maritime, defence and oil and gas sectors. Its expert knowledge
covers a broad selection of vessel types and a wide range of technologies,
including design and engineering for alternative fuels. The company in
particular specialises in newbuild construction, support and supply vessels for
the offshore energy industry, dredger and dredging support vessels, and marine
survey vessels.

OSD-IMT, which has launched more than 150 designs to date, will become part of
ABL Group company Longitude Engineering, which specialises in marine operations
engineering and marine design, conversion and upgrade of specialised vessels.
Further, Longitude has a solid track-record in the design and development of
clean shipping technology, with expertise in hybrid-propulsion, LNG and hydrogen
fuelled-vessels. 

"Our plan is to combine OSD-IMT's ship design track record with Longitude's
specialist expertise in marine design, consultancy and operations. While OSD-IMT
have traditionally focused more on newbuild ship design, Longitude's legacy is
rooted in specialist consultancy services including advanced analysis, hybrid
power systems and procurement support. The combination is an excellent match,"
says Jake Anderson, Group MD for Engineering Services at ABL Group and managing
director of Longitude Engineering. 

"With maritime decarbonisation accelerating into focus, bringing together
OSD-IMT and Longitude's portfolios in alternative fuel-powered vessel design,
will significantly reinforce our offering to support a wide range of maritime
stakeholders on the path to net-zero," Dean Goves, Managing Director Maritime

Longitude Engineering specialises in independent engineering, design and
analysis for renewables, maritime, defence, oil and gas and infrastructure
market sectors. It primarily supports clients with marine operations engineering
and marine design, conversion and upgrade, supporting marine projects and assets
throughout their development lifecycle.

ENDS

For further media information, please contact:
Investors and financial media:
Haakon Brandrud, Director of Strategy and Corporate Development 
Tel: +47 95 07 05 12

Other media enquiries:
Endre Aaberg Johansen 
Tel: +47 41 61 06 05
Email: endre.johansen@corpcom.no 

About AqualisBraemar LOC ASA
AqualisBraemar LOC ASA (OSE: Aqua) offers independent energy and marine
consultancy to the global renewables, maritime and oil and gas sectors. The
group has offices in 39 countries worldwide. AqualisBraemar LOC ASA operates
under seven brands: AqualisBraemar LOC, OWC, Innosea, Longitude, JLA, East Point
Geo and ABL Yachts.