Lloyd’s Register Capstone Acquires Celerity3 Engineering

Thursday, July 17, 2008

Lloyd’s Register Capstone, Inc. has concluded the acquisition of Celerity3 Engineering, Inc., an engineering firm based in .  Celerity3 specializes in design, process, and safety solutions and has delivered practical solutions to challenging engineering problems for more than four years.

Celerity3's activities will support the development of an improved range of energy services from Lloyd's Register to clients that operate in-service assets in the oil, gas, chemicals and power sectors and also with more comprehensive assurance packages to stakeholders in new facility-development projects.

Lloyd’s Register Americas acquired Capstone Engineering Services three years ago, advancing the organization to a market-leading position for in-service asset management expertise. The acquisition of Celerity3 is the latest development in a strategic plan to strengthen the Group’s specialist capabilities, adding specific expertise in pressure relief and process-and-chemical engineering to complement the Lloyd’s Register Group’s world-class strength in a wide range of engineering and technology disciplines. “As we build our global business in through-life, asset performance assurance, the need for excellence in these disciplines will become increasingly important,” says David Corbett, Senior Vice President of Lloyd's Register North America's energy business in . “We plan to build the Celerity3 expertise into the global deployment of our service packages for in-service, process-facility assurance, and we expect many opportunities to present themselves around the world for the business and for our people as we move forward.”

John Perez, P.E., Celerity3 President and co-founder, says, ‘’Integrating Celerity3 with Lloyd’s Register’s global business will provide many opportunities to expand our client base, widen our horizons, and provide greater career opportunities for our employees. Together, we are building capability to provide comprehensive services to manage asset-performance issues and deploying advanced technology to support the improvement of facility operation that can help asset operators create safer, more effective, and more efficient business.”

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