AqualisBraemar LOC Group has taken the remaining 29% stake in offshore renewables engineering outfit Innosea.
“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,” said David Wells (pictured), CEO of AqualisBraemar LOC.
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.
Innosea is one of the few independent specialists in Integrated analysis of fixed and floating offshore wind turbines.
The company offers design and engineering consultancy for marine renewables: wind, solar, wave and tidal.
It said it is the leading engineering consultancy for floating solar PV with more than 90 projects worldwide.
“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,” said Mouslim, managing director and co-founder of Innosea.