Norwegian consulting and classification giant Det Norske Veritas (DNV) has completed a long-anticipated merger with German classification Germanischer Lloyd (GL). The combined firm boasts more than 17,000 employees in around 100 countries, with the merger firming up DNV’s position as one of Norway’s most international companies.
The courtship between DNV and GL began around seven years ago and relations got serious in the summer of 2012. After finally receiving regulatory approvals in China, South Korea, the EU and the US, the two firms are merging as DNV GL, with headquarters at DNV’s longtime home at Høvik, west of Oslo. Henrik O Madsen will continue as chief executive of the combined firm.
Around 2,700 DNV GL employees will be based in Norway. The company specializes in risk analysis, inspects and classifies a wide range of assets from ships to oil installations and other industrial facilities, and offers advice and certification services in the energy and business fields.