Aqualis Buys Offshore Marine Business from Braemar

Aqualis, parent company of offshore marine and engineering consultancy Aqualis Offshore, has agreed to acquire the offshore, adjusting and marine business lines from Braemar Shipping Services. The combined company will be named AqualisBraemar and will offer offshore, adjusting, marine and renewables consultancy with a broadened service offering around the world.

The company’s head office will be in London, UK and David Wells will continue as ceo of the group.

The combination is subject to approval by Aqualis shareholders and is expected to take place in June 2019. Braemar says the disposal of the three lines of business would enable it to focus on its core, profitable activities of Shipbroking, Financial Advisory, and Logistics.

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