seatec - Finnish marine technology review 1/2018 - Page 48

NEW ON BOARD THE FOUNDATION DET NORSKE VERITAS ASSUMES FULL OWNERSHIP OF DNV GL AND REMAINS COMMITTED TO MARITIME HEADQUARTERS IN HAMBURG by: ULRIKE HAUGEN Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announce the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS. The agreement regarding the leading quality assurance and risk management company DNV GL was signed on 8 December 2017. I n 2012, Stiftelsen Det Norske Veritas and Mayfair agreed to make this investment now and to provide continued support to build a global quality assurance and risk management leader DNV GL going forward. well positioned to succeed in a rapidly transforming market: “The merger between DNV and GL has created significant Germanischer Lloyd was merged with Det Norske Veritas to create value, and we are thrilled about the opportunity to invest in DNV DNV GL. Since the merger, the joint company has successfully GL’s long term success. 100% of the cash generated will remain adapted its organization and realized significant synergies. It also within the Group to support further development and positioning strengthened its position in research and innovation and moved of DNV GL globally. We thank Mayfair for its contributions to forward with its digital transformation. DNV GL over the past years,” says Leif-Arne Langøy, Chairman “We are proud to have been part of building a leading of the Board of Directors of Stiftelsen Det Norske Veritas. quality assurance and risk management company over the past Leif-Arne Langøy is also Chairman of the Board of Directors of eleven years. Since we invested in Germanischer Lloyd in 2006, the DNV GL. company has expanded its position, and through the merger with Group President and CEO of DNV GL Remi Eriksen says Det Norske Veritas became a world market leader in its industries. that this is a new chapter in DNV GL’s history. “Moving forward The integration is now complete. We thank the Foundation for the with one strong owner with a long-term view and a fully aligned collaboration, and we wish DNV GL and its employees continued purpose will be good for DNV GL’s customers and employees.” success,” says Günter Herz of Mayfair. The DNV GL strategy, ‘Leading towards a digital, agile The Foundation sees assuming full ownership of DNV GL and efficient future’ remains unchanged. There will also be no as the best investment to fulfil its purpose of safeguarding life, changes to the management, organization, name or branding. property and the environment and to realize its strategy. The DNV GL’s headquarters for the Maritime business area will remain agreement between the two parties enables the Foundation to in ­Hamburg. n 48 seatec 1/2018