ABS Acquires EQE International

ABS Group of Companies says it has signed an agreement to acquire EQE International, an independent provider of risk management information, software, consulting and engineering services to industry, governments and business. Headquartered in Oakland, California, EQE International employs more than 550 staff, located in 33 offices around the world.

ABS Group of Companies is headquartered in Houston, TX and operates through a number of subsidiaries worldwide to provide integrated safety, quality and environmental management solutions to clients in the petrochemical, utility, offshore, marine and insurance sectors.

ABS says the acquisition of EQE International is part of an aggressive business strategy to become "the world's leading organization dedicated to managing risk by improving the safety, enhancing the quality and minimizing the environmental impact of its clients' activities."

According to ABS Group Chairman and CEO Frank Iarossi, "The acquisition of EQE International will enhance ABS Group's ability to respond to the growing need of our clients to identify, assess and mitigate operational and environmental risks."

Shareholders, financial institutions and insurers expect companies to quantify, manage and mitigate the risks of their operations in a responsible manner. "The technology-driven approach developed by EQE towards managing natural, human and technological risks provides a template for improving safety and mitigating loss," added Iarossi.