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Major DNV and Germanisher merger receives final approval

Four competitive authorities have now greenlighted the major merger between Det Norske Veritas, DNV, and Germanisher Lloyd, GL.

Photo: Pressefoto

All obstacles for the announced merger between classification companies Det Norske Veritas and Germanisher Lloyd are now out of the way, which means that the world's largest classification company will soon become a reality. Now the deal needs to be sealed, which will happen during the coming days, and DNV GL group will start operating soon after this. DNV CEO Henrik O. Madsen will become CEO of the new company.

DNV and GL received approval from the Chinese authorities on September 4th, which cleared the last obstacle from the path toward a final merger. The approval was granted after 60 days exactly, which was the process time promised by the Chinese authorities. The US and South Korean authorities approved the merger back in June, while the EU also greenlighted the agreement during the summer.

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