Lloyd's Register signed Heads of Terms to acquire 100% of the share capital of Scandpower AS.
Scandpower has approximately 250 staff that specialize in the provision of risk management services to the nuclear, oil and gas, and transportation industries. In the nuclear field, the company's services are entirely focused upon civil power generation. Within the oil and gas sector, Scandpower's services are focused upon exploration, production, refining and transport. Activities in the transportation sector are focused on the railway and aviation industries. Approximately 65% of staff are headquartered in Norway and 25% in Sweden. The remaining staff are evenly split between Houston and Beijing.