Det Norske Veritas and Germanischer Lloyd to Merge, Creating a Global Energy Technology Powerhouse - Deal Analysis

Det Norske Veritas and Germanischer Lloyd to Merge, Creating a Global Energy Technology Powerhouse - Deal Analysis

Det Norske Veritas A/S (DNV), a provider of risk management services, and Germanischer Lloyd SE (GL), a provider of classification, verification and engineering consulting services, agreed to merge in order to further expand their service offerings in the maritime, oil and gas, energy, and business assurance sectors. The new combined company will be called DNV GL Group. The newly formed entity, through their common set of values and complementary strengths, is positioned to achieve a combined turnover of around €2.5 billion ($3.31 billion), with more than 17,000 employees and an extensive global network of offices to meet international competition and provide improved services to their customers.

 

Scope

• The information related to DNV and GL merger.
• Key drivers of the deal
• Rationale of the deal
• A brief on companies, DNV and GL

 

Reasons to buy

• Understand the reasons for the merger
• Understand the response from the markets 
• Understand the impact of the deal on the DNV, GL and related business

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