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Vysus ends divestments, expands consultancy business

13 March 2024

Scotland-headquartered Vysus Group has ended its restructuring programme with the sale of its rig business Moduspec earlier in the month, it said March 13. This was the fifth such move for the former Lloyds Register subsidiary since it demerged in late 2020.

The firm will now focus its activities on its global technical and regulatory consultancy and technology business. It has a permanent presence in 15 countries and is active in all key global energy hubs. It is now targeting a 15% growth over 2023 revenues.

“We see particular opportunities to capitalise on our internationally renowned experience in hydrogen, renewables, and nuclear,” said CEO David Clarke (below, courtesy Vysus. See also OEUK Magazine #58 for a Vysus opinion piece on the energy transition).

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