Germanischer Lloyd AG has acquired PV Inspection Services Ltd.

The private shareholders of PV Inspection Services Ltd. have sold the company to Germanischer Lloyd AG for an undisclosed consideration.

Germanischer Lloyd AG, based in Hamburg, is an old established provider of maritime and engineering services, and is one of the world’s leading classification societies. In the course of a change of shareholders, the company wanted to reinforce its existing successful business by non-organic growth such as external growth, and to enhance its international presence.

PV Inspection Services provides management, inspection and construction services to a diverse range of industrial sectors that includes international operators and drilling contractors, engineering companies, government, power generation plants, pulp and paper mills, shipyards and the mass transit, and aerospace sectors.

Oaklins' team in Germany advised the buyer in this transaction. Other Oaklins member firms identified a large number of targets in 18 countries. This extensive search led to discussions with numerous companies.