Lloyd’s Register announced today that it had acquired West Engineering Services, a Houston-area firm that conducts assessments of blowout preventers and other well-control equipment.
The move adds to Lloyd’s Register’s auditing arsenal and comes amid federal mandates for third-party assessments of blowout preventers that were imposed in the wake of the 2010 oil spill.
John Wishart, Lloyd’s Register’s energy director, said the acquisition “further expands the global portfolio of technical services” the company can offer the drilling industry.
Under the terms of the deal Brookshire, Texas-based West Engineering Services will become a member of the Lloyd’s Register Group. West’s founder and president, Michael Montgomery, will retire but stay on as an adviser, under the deal.
Lloyd’s Register said West’s employees will join its ModuSpec USA division in the company’s Houston headquarters. According to a Lloyd’s Register announcement on the deal, “over time, it is expected that the two companies will fully integrate to form a single entity.”
ModuSpec itself is a relatively recent Lloyd’s Register acquisition, having become part of the firm in 2008.