ABS Group to acquire Safetec Nordic AS

ABS Group of Companies, Inc., an affiliate of the classification society ABS, announced that it has entered into an agreement to acquire Safetec Nordic AS (Safetec), a provider of integrated risk and asset management services.

The programmes and services of Safetec will strengthen and expand those of ABS Consulting (a subsidiary of ABS Group). Combining the talent and resources of these two entities will result in a consulting organisation that can deliver clients more timely and innovative solutions for today’s operational and business challenges.
Safetec’s focus has been serving customers in the offshore, marine and land-based industries from their key operating centers in Norway, the UK and Malaysia for almost three decades. During that same period, ABS Consulting has established itself as a global leader in safety, risk and integrity management systems. Adding Safetec’s integrated risk and asset lifecycle management services to the organization will significantly enhance ABS Consulting’s existing risk and integrity management services.
Closing, subject to customary closing conditions, is scheduled for January 2012.

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