BMT Acquires Salvage Association

British Maritime Technology has acquired marine casualty surveying organisation The Salvage Association. Under its new ownership, the Salvage Association will be a trading style of BMT Salvage Ltd. BMT chairman David Goodrich, who becomes chairman of the Salvage Association, said: “For BMT this is a strategic acquisition that we believe will make a significant addition to our overall capabilities while broadening our role as a multi-disciplinary consultancy. We take a long-term view. Like BMT, the Salvage Association has always valued its independence, and we are determined to preserve its integrity whilst taking it forward commercially."

BMT, established in 1985, is a multi-disciplinary engineering and technology consultancy specialised in design, design support and risk management. The company’s principal markets are defence, the environment, the offshore oil and gas industry, and transportation, which are targeted through its internationally based subsidiaries.

The Salvage Association currently has branch offices or resident surveyors in 19 locations in 12 countries. Closely identified with the London marine insurance market, it has been an independent organisation since its establishment in 1856. Over the last several years, the Association, like other support service providers, has experienced difficult trading conditions, having to compete much more strenuously for a reduced pool of work.