DNV and GL have signed an agreement to join forces. The new entity, called DNV GL Group, will be one of the world’s leading ship classification societies and risk experts in the renewable energy, oil and gas, power sectors, and among the global top three in management system certification.
“Clients will benefit from an increased service offering and global competence base as well as one of the densest networks,” says DNV’s Group CEO, Henrik O. Madsen, who will be the CEO of the new company. The company says that by combining the two international organisations, it will be one of the world’s leading independent technical service providers with state-of-the-art technological expertise and capabilities for innovation. With more than 17.000 employees and an extensive global network of offices, DNV GL Group is positioned to meet increased international competition and even better serve the needs of the customers.
The DNV Foundation will hold 63.5%, while GL’s owner Mayfair SE will hold 36.5% of the shares. The new firm, with a combined turnover of some €2.5 billion, will be headquartered and registered in Norway.
DNV GL Group will strengthen its foothold in several areas of expertise, including the maritime segment and across the entire oil & gas value chains. The Group will be a leader in pipeline verification and asset integrity services as well as in renewable energy certification and advisory services. Moreover, it will be a strong player within power transmission and distribution as well as testing and certification services. To enhance its service offering the Group will strengthen its focus on R&D and innovation.
The maritime business unit will be headquartered in Hamburg, Germany, while maintaining its commitment to the Norwegian maritime cluster. Oil & Gas will be headquartered at Høvik, Norway, while Energy will be headquartered in Arnhem, the Netherlands, with a strong hub for renewables in Bristol, UK, and Business Assurance in Milan, Italy. DNV GL Group will be organised as a Norwegian limited company (AS). The transaction requires approval from competition authorities.
DNV GL Group