Lloyd’s Register Americas Acquires Martec

Lloyd's Register Americas Inc. has concluded the acquisition of Martec, an engineering firm based in Halifax, Nova Scotia. Martec specialises in developing advanced engineering simulation technology for the design and analysis of complex structures and systems--particularly ships, ports, harbours, and offshore facilities. A pioneer in its field, Martec has delivered practical solutions to difficult engineering problems for over thirty years.

Martec's activities will be part of the Lloyd's Register Group's Marine Consultancy Services, co-ordinated by Claus Myllerup, Senior Vice President, Head of Lloyd's Register Technical Investigations & Analysis.

Myllerup, commenting on the acquisition says, "Bringing Martec onboard is the latest development in a strategic plan to strengthen our marine consultancy capabilities. Martec's strong research and development capabilities will make a strong contribution to the Lloyd's Register Group. With its multidisciplinary consulting services, engineering analysis software, and contract research services, Martec provides solutions to structural, materials and environmental problems using advanced engineering, finite element and computational fluid dynamics methods. Martec's strength in defence related work will provide important support to the Lloyd's Register Group's expansion in its naval services.

"Martec has worked closely with the Royal Canadian Navy and Canadian Coastguard from its inception. From enhancing blast protection for military personnel and vehicles, to predicting the motions and stresses of ships in waves, or developing new methods for predicting structural fatigue, Martec has the expertise and experience to mitigate risk, and enhance performance while improving safety and survivability."

Magnus Wollstrom, previously based with the Lloyd's Register Group in Sweden, has been appointed Managing Director of Martec and has moved to Halifax to take up his new role. He says, "This is a tremendous fit for the Lloyd's Register Group, Martec gives us access to a highly qualified team of engineers with extensive experience in structures and computer analysis. Integrating Martec with our existing consultancy operations will offer many opportunities for us to strengthen our service delivery to both naval and non-naval clients."

Tim Protheroe, Senior Vice President, Americas Marine Business, comments, "Martec has been focused on the North American market. Integrating Martec with Lloyd's Register’s global business will provide many opportunities to support our global operations and, at the same time, immediately provide Martec with a bigger playing field and wider horizons. We are looking forward to working with Martec."