Charles Taylor has agreed to acquire Lab Cosulich Consultants (LCC) and CMC Marine (CMC), together known as Cosulich Marine Consultants.
The deal will expand Charles Taylor’s marine capabilities in Europe, the Middle East and Asia. The acquisition is expected to be complete by the end of 2020.
Based in Genoa, Italy and led by Riccardo Cosulich, LCC has provided scientific consultancy, surveying and testing services for the marine and insurance industries since its founding in 1952. Meanwhile, CMC was established in Singapore in 2010 and expanded into the UAE in 2019 – these operations are led by Diego Cosulich and Gustavo Cosulich, respectively.
According to Charles Taylor, it has worked with the Cosulich Marine Consultants for over 65 years, and following the acquisition, it will become a core part of Charles Taylor Marine Technical Services. Riccardo, Gustavo and Diego Cosulich will also join Charles Taylor and continue to lead the Cosulich Marine Consultants business.
The acquisition builds on the integration of Bowditch Marine and Pilot Marine into Charles Taylor’s Marine Technical Services business in April 2020, as well as the hiring of a team of expert marine surveyors led by John Poulson in July 2020.
“The acquisition adds a critical offering to our Marine Technical Services business within Europe, Middle East and Asia – all of which are key markets for our expansion,” said Oliver Hutchings, managing director, marine, Charles Taylor. “The acquisition reinforces our commitment to creating a unified, global marine surveying structure to support maritime clients, their assets and their insurance arrangements worldwide.”
“Having worked with Charles Taylor for over 65 years, we are pleased to build further on this partnership and to become an integral part of the Marine Technical Services team," said Riccardo Cossulich. "We have long admired Charles Taylor’s business and look forward to developing a unified marine service proposition moving forward.”