DNV GL merger approved

12 Sep 2013
Henrik Madsen, CEO, DNV GL, said that this consolidation is a “global game changer”

Henrik Madsen, CEO, DNV GL, said that this consolidation is a “global game changer”

The merger between the classification societies DNV and GL has been approved by all competition authorities and will be operational from today.

This news makes the newly merged DNV GL Group the world’s largest ship and offshore classification society.

It will comprise of 17000 employees across 300 sites in more than 100 countries and will make revenues of around €2.5m per year.

Henrik Madsen, CEO, DNV GL, said that this first consolidation of two classification societies will be a “global game changer”.

“DNV GL will be unique positioned to offer a broader set of products ad services”, he said. “There is a strong commitment by both DNV and GL to the merged company and continuing to invest heavily in technology, research and innovation.”

And one of the first tasks for the newly merged company will be continuing to improve compliance, Mr Madsen says there is definitely room for improvement because there is a lack of international governance.

Mr Madsen added that DNV GL will continue to take an active stance and deliver technical solutions in the best interests of its customers and stakeholders.

In the coming months, all certificates and approvals from both classification societies will remain valid and Mr Madsen said there will be no disruption to customers during the integration process.

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