Henrik O. Madsen, DNV Group CEO

Hamburg, Germany and Oslo, Norway --- (METERING.COM) --- January 4, 2013 - DNV Kema’s parent company DNV and the GL Group are to merge into a new global entity, DNV GL Group, which should position it as a leading expert in the renewable energy and power sectors, among others.

The new Group will have more than 17,000 employees and an extensive global network of offices, positioning it to meet increased international competition and better serve the needs of customers, according to a statement.

“The merger rests on a strong strategic rationale, and responds to challenges of increased globalisation, rapid technological change and the need for sustainable development,” said DNV’s Group CEO, Henrik O. Madsen, who will be the CEO of the combined new company. “Our customers will benefit from an increased service offering and global competence base as well as one of the densest networks.”

In addition to the power transmission and distribution sectors, which will be headquartered in Arnhem, the Netherlands,other areas of expertise that will be strengthened include the maritime segment and the oil and gas value chains. It will also be a strong player within as well as testing and certification services. To enhance its service offering the DNV GL Group will strengthen its focus on R&D and innovation.

The DNV Foundation will hold 63.5 percent, while GL’s owner Mayfair SE will hold 36.5 percent of the shares. The new company, with a combined turnover of some €2.5 billion, will be headquartered and registered in Norway.