Oakley Capital has reached an agreement to sell OTG to LR, with the transaction anticipated to conclude by the end of the fourth quarter of 2024. Following the acquisition, LR plans to incorporate OTG’s comprehensive suite of training, compliance, operational, and human resources software into its existing fleet of 30,000 vessels. This integration will significantly broaden the reach of OTG’s services, which currently support 1,000 shipowners and operators. By leveraging LR's extensive maritime network, OTG will be able to offer its advanced solutions to a much larger audience, enhancing operational efficiency and compliance across the maritime industry.