AqualisBraemar LOC Group has taken the full ownership of engineering, design and R&D consulting firm specialising in marine renewables Innosea.
AqualisBraemar LOC Group acquired the remaining 29% stake in Innosea, increasing its total shareholding to 100%.
Innosea is one of the few independent specialists in Integrated analysis of fixed and floating offshore wind turbines.
Further, the company offers design and engineering consultancy to all marine renewable energies – wind, solar, wave and tidal – with a large track-record of multi-national R&D, demonstration and commercial projects that are at the cutting edge of technology and device development.
Innosea is also one of the leading engineering consultancies for floating solar PV with more than 90 projects worldwide.
David Wells , CEO of AqualisBraemar LOC, said: “We are delighted to take full ownership of Innosea. The company is rapidly growing and has proven to be a vital part of our service offering to the renewables sector. We have an ambition that 50% of our group’s revenues should come from sustainability and energy transition services by 2025. Innosea will play a key part in this”.
Innosea was founded by Hakim Mouslim, Bruno Borgarino and three other researchers in 2012, as a technology spin-off from Ecole Centrale de Nantes. Today, the company has offices in Nantes and Marseille in France as well as in Edinburgh, Scotland.
Hakim Mouslim , managing director and co-founder of Innosea, said: “Becoming fully owned by AqualisBraemar LOC marks a continuity of the integration and cooperation with all of the group’s global office network and competence base. This allows us to provide wider and stronger support to our clients, which in turn translates to more rapid expansion of activities”.
AqualisBraemar LOC group employs more than 900 people in 39 countries worldwide. The group operates in the renewables sectors through the Innosea, OWC, AqualisBraemar LOC, Longitude and East Point Geo brands.