GL Group, DNV To Merge

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GL Group – a provider of classification, verification and engineering consulting services to the renewable energy, maritime and fossil-fuel industries – is merging with DNV, a provider of risk management services.

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 euros, will be headquartered and registered in Norway, except for the maritime business unit, which will be headquartered in Hamburg, Germany.

The name of the combined company will be DNV GL Group and will have more than 17,000 employees across the globe.

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