DNV and GL have completed agreements establishing a new company from the merger, DNV GL Group. The firm will continue its parent companies’ work in the energy sector from conventional to renewable energy. The DNV Foundation will hold 63.5%, while GL’s owner Mayfair SE will hold 36.5% of the shares. The new company, with a combined turnover of some €2.5 billion, will be headquartered and registered in Norway.
“The merger rests on a strong strategic rationale, and responds to challenges of increased globalization, rapid technological change and the need for sustainable development. Our customers will benefit from an increased service offering and global competence base as well as one of the densest networks,” says DNV’s Group CEO, Henrik O. Madsen, who will be the CEO of the combined new company.
Make sure you visit and click ‘Like’ on our Facebook page to receive even more news and updates from Alternative Energy Africa.