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19 January 2021

For further information, please contact:

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) offers independent energy and marine consultancy to the global renewables, maritime and oil and gas sectors. The group has offices in 39 countries worldwide. ABL Group operates under seven brands: ABL, OWC, Innosea, Longitude, JLA, East Point Geo and ABL Yachts.

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LOC Open Italian Branch

LOC, the premier international marine and engineering consulting firm and part of AqualisBraemar LOC Group, is pleased to announce the expansion of its European footprint to Italy with an office at the following address:

Via XII Ottobre 1, 6th Floor, 16121 Genoa, Italy.

Telephone: (+39) 010 8907 391

This is AqualisBraemar LOC’s first office in Italy and builds on LOC’s established relationships with many world-leading Italian clients across both energy and maritime industries. The office provides clients with local engineering and consultancy, loss prevention and loss management services, as well as access to the 900 marine specialists employed within the Group. The office staff are also particularly experienced in renewable energy projects and are ready to assist with the growing offshore wind market in Italy and the Mediterranean.

Strategically located in Genoa, the maritime and offshore hub of the country, the new office will form a springboard for the wider AqualisBraemar LOC Group to expand its extensive service offering to the Italian market and Mediterranean region. It provides extra opportunity for growth to its other group companies Longitude, specialising in vessel and EPCI engineering, Innosea, specialising in marine renewable systems design, OWC, specialising in offshore wind project management and AqualisBraemar Yacht Services.

The office is led by Roberto Longo (genoa@loc-group.com), a naval architect and marine operations engineer who has worked across the service lines within the Group for many years supported by specialist engineers and mariners.

Jake Anderson, LOC’s Engineering Services Director, commented:

“Opening an office in Italy is a key strategic move that will allow us to better serve our existing and new clients in the Italian and wider Mediterranean markets. We have an established, trusted name and experience in these markets already, having worked for high profile clients for many years and on high profile projects such as the Costa Concordia wreck removal. An office is the natural next step, and we are looking forward to having additional capacity on the ground.”

David Wells, CEO AqualisBraemar LOC ASA, commented:

“This is an important international expansion and the first as a newly merged group. We greatly look forward to working closely with our colleagues across the extended group, in developing our local presence as well as leveraging the wider AqualisBraemar LOC Group capability, to the benefit of local and regional maritime and offshore companies.”