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DNV GL merger approved, begins operations tomorrow

DNV GL merger approved, begins operations tomorrow
The merger of Det Norske Veritas (DNV) and Germanischer Lloyd (GL) into new company DNV GL has been completed, and the new company is to start operations from tomorrow, after the Chinese competition authorities approved the deal.

The merger had already been approved by the authorities in South Korea, the US and the EU.

DNV GL, comprising 17,000 employees in more than 100 countries, will be the world’s largest classification society, and is expected to generate revenues of $3.3bn every year.
“It is with great pride that we can now inform that this vision-driven merger for growth has been cleared by the competition authorities in all four required jurisdictions,” says Henrik Madsen, DNV GL ceo. “The merging companies both represent leading market positions, complementary commercial positions and an acknowledged reputation for advanced technology and high quality and integrity."

The merged DNV GL will be headquartered in Oslo with its maritime head office situated in Hamburg. A letter obtained by Seatrade Global and signed by Erik van der Noordaa, group ceo of GL prior to the merger, said DNV GL would survey over 13,000 ships on a regular basis and support the international offshore industry with classification and verification services.
“DNV GL will be uniquely positioned to offer a broader set of products and services, more in-depth expertise and a denser global network of sites second to none. And importantly, there is a strong commitment by both DNV and GL to the merged company continuing to invest heavily in technology, research and innovation," Madsen added.
“For our part, DNV GL, must take an active stance and show that we have qualified opinions on technical, operational, environmental and risk management issues. We aim to deliver technical solutions that are practical and in the best interests of our customers and other stakeholders.”


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