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Advancing safety and sustainability An increasingly complex risk environment for customers is expected to drive demand for the new company’s technology and risk management services. “In today’s risk-sensitive environment, a company’s failure to manage risk properly may lead to adverse events, loss of life, damage to the environment or critical business consequences, putting trust and credibility at risk. I firmly believe that DNV GL will be in a stronger position to help companies manage their challenges in the new risk reality and enable them to advance the safety and sustainability of their operations,” emphasises Madsen. Need for independent expertise While companies’ compliance with standards and pursuit of safety and protection of the environment has undoubtedly improved over recent years, Madsen believes there is definitely room for improvements. “Standards are improving, but there is a lack of international governance. The industry needs strong, independent players that promote greater openness, consistency and effectiveness in the profession and push the development of new adequate measures and standards.” Madsen continues: “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.” One operation The past six months laid emphasis on integration planning so that the new company is ready to start operating as one company with effect from 12 September. This means that the former DNV and GL customers will now benefit from a broader service capability, while maintaining the same contact points in DNV and GL as the integration moves forward. All certificates and approvals from DNV and GL will remain valid. In the coming months, DNV GL will accelerate integration processes to ensure consistent and continuous service operations, avoiding any business interruption for customers. Global impact “We look forward to offering the best capabilities of our respective organisations to further advance the industries we serve and make a global impact for a safe and sustainable future – a safer, smarter and greener future for our customers and society at large,” concludes Henrik O. Madsen. Game changer: DNV GL – the first consolidation of two leading classification societies – will be the world’s leading risk management service provider to the industries it serves. “We look forward to offering the best capabilities of our respective organisations to further advance the industries we serve and make a global impact for a safe and sustainable future – a safer, smarter and greener future for our customers and society at large.” – DNV GL Group CEO Henrik O. Madsen. About DNV GL Driven by its purpose of safeguarding life, property and the environment, DNV GL enables organisations to advance the safety and sustainability of their business. DNV GL provides classification and technical assurance along with software and independent expert advisory services to the maritime, oil & gas and energy industries. It also provides certification services to customers across a wide range of industries. Combining leading technical and operational expertise, risk methodology and in-depth industry knowledge, DNV GL empowers its customers’ decisions and actions with trust and confidence. The company continuously invests in research and collaborative innovation to provide customers and society with operational and technological foresight. Originated in 1864, DNV GL operates globally in more than 100 countries with its 17,000 professionals dedicated to helping their customers make the world safer, smarter and greener. Germanischer Lloyd press release |
DNV GL merger approved by competition authorities
The competition authorities in South Korea, the USA, the EU and China have cleared the merger between the two well-regarded companies, both of which will soon celebrate 150 years of independent operations. The new company, formally called DNV GL Group, will comprise 17,000 employees across 300 sites in more than 100 countries, and have revenues of EUR 2,500 million per year.