DNV and GL to merge

The new entity will be called DNV GL Group. It will be one of the world’s leading ship classification societies and risk experts in the oil and gas, renewable energy and power sectors, and among the global top three within management system certification.
“The merger rests on a strong strategic rationale, and responds to challenges of increased globalisation, rapid technological change and the need for sustainable development. Our customers will benefit from an increased service offering and global competence base as well as one of the densest networks,” said DNV’s Group CEO, Henrik O. Madsen, who will be the CEO of the combined new company. “The merger with DNV supports our long-term goal of being recognised as one of the most respected technical assurance and advisory companies in the world”, added GL Group CEO, Erik van der Noordaa.
The DNV Foundation will hold 63.5%, while GL’s owner Mayfair SE will hold 36.5% of the shares. The new company, with a combined turnover of some EUR 2.5 billion, will be headquartered and registered in Norway.