LR Acquires Capstone Engineering

Tuesday, October 04, 2005
Lloyd’s Register Americas, Inc. has acquired Capstone Engineering Services, Inc. and Capstone Software Systems, Inc. The acquisition will be renamed Lloyd’s Register Capstone, Inc. and will strengthen the Lloyd’s Register Group’s integrity services business and provide its oil and gas business with a broader base in the Americas. With the addition of Capstone software, RBMI, the Lloyd’s Register Group strengthens its position by enhancing its world-class, risk and asset management services, and its client-focused, software solutions.

Capstone, a Houston-based company, has been helping clients improve process plant reliability and equipment integrity by providing a set of integrated consulting services and the most comprehensive risk-based inspection (RBI) software on the market. Capstone’s technology utilises risk-based models and inspection planning rules to optimise the inspection and maintenance of process-facility assets.

Capstone’s RBMI software is a fully-integrated, software application used to implement risk-based inspection for all categories of static equipment. This application is the industry’s first integrated software package that manages the full cycle of RBI, including the generation of dynamic inspection plans and updating of risk after an inspection is completed. The RBMI software complies with the requirements of Recommended Practice (RP-580) for RBI, and the latest editions of American Petroleum Institute (API) Inspection Codes.

Over the last several years Capstone has developed an asset performance management (APM) system, integrating existing management systems, maintenance, reliability engineering, technical integrity, and risk management for physical assets. APM assists clients in achieving their business objectives and contributes significant value to the organisation while driving the overall performance of physical assets, resulting in improved safety, availability, and profitability. Strategically changing and institutionalising how assets are managed within the organisation will create a competitive advantage while providing world-class results.

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