Published: 20 December 2012 20 December 2012
An agreement has been signed to merge DNV and GL. The new entity will be called DNV GL Group.
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. DNV GL Group will operate in the business segments Maritime, Oil & Gas, Energy and Business Assurance. 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 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.