Bureau Veritas (BV) has finalized the acquisition of HydrOcean, a French engineering[ds_preview] company specialized in hydrodynamic digital simulation for the maritime industry.
Established in 2007, HydrOcean provides design support for the construction of ships, offshore structures, racing yachts and marine energy systems. Its focus is on assessing and optimizing hydrodynamic performance. The company has co-developed digital simulation tools in partnership with Ecole Centrale Nantes’ fluid dynamics laboratory. As BV informed, HydrOcean’s services and simulation tools help reduce the risks, time and costs associated with ship design. It operates in a fast growing market driven by sustained demand from the industry.
Based in Nantes, France, HydrOcean employs 18 engineers and had revenue of 2.7 mill. € in 2014. In February 2014 the two companies had already entered into a cooperation agreement.
