DNV and GL to merge into DNV GL Group
Classification societies DNV and GL signed an agreement to merge with a new entity to be called DNV GL Group. According to press release of GL, DNV Foundation will hold 63.5% of shares while GL’s owner Mayfair SE will hold 36.5% of shares. The new company, with a forecast turnover of some EUR 2.5 billion, will be headquartered and registered in Norway. DNV GL Group will have more than 17,000 employees.
DNV GL Group will specialize in maritime, oil & gas segments, pipeline verification as well as in renewable energy certification, etc.
