In the UK, Lloyds Equipment Group has acquired Coubro & Scrutton, a company that specialises in lifting equipment for marine applications.

The new Lloyds Coubro & Scrutton division has a turnover of £2.5m ($3.5m) and 40 employees. It is relocating from London to Lloyd’s base in Birmingham. Lloyds’ group turnover now tops £15m ($21m).