Lloyd’s Register (LR) has acquired the business and principal assets of Mumbai-based nuclear risk specialists, Reltech Consulting (Reltech), to further strengthen its presence in the Indian energy sector. The business and assets of Reltech, which provides safety-management services to a multinational civil nuclear client base, have been transferred to the newly-formed LR Scandpower Risk Consultancy, completing another major step in the strategic expansion of Lloyd’s Register’s global nuclear business. Scandpower AS, which provides independent technical risk services to the energy and transport industries, was purchased by Lloyd’s Register in 2009.Bjorn Inge Bakken, Chief Executive, Scandpower Group, said, “This acquisition greatly strengthens our presence in India, one of the world’s fastest-growing markets for nuclear power. We have a long history of activity in India, where all existing nuclear power plants and regulators already use our RiskSpectrum software.”Reltech was formed in 2005 to establish the first consultancy in India to provide probabilistic safety assessments to international standards. Devi Kompella (Reltech’s former MD) who will lead LR Scandpower Risk Consultancy, said, “The Indian civil nuclear industry is poised to take a big leap forward and many opportunities are opening up.”
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