The company said it has bought MatthewsDaniel (MD), based in London.

MD employs more than 150 people and reported revenue of EUR 34m ($44.7m) in 2013.

It provides services for the insurance market, including incident investigations, root cause analysis, damage and reinstatement assessment and cost estimation, specialising in drilling units.

Didier Michaud-Daniel, CEO of BV, said: “The acquisition of MatthewsDaniel represents a major development for our Marine & Offshore business.