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20 Dec 2012

Class Clash: DNV, GL to Merge

“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, DNV GL Group.

The ever changing face of ship classification has received perhaps its biggest makeover yet, with the announcement this morning (December 20, 2012) that Norway’s Det Norke Veritas (DNV) and Germany’s Germanischer Lloyd (GL) have signed a deal to merge. While the deal is termed a merger, considering that the DNV Foundation will hold 63.5 %, and GL’s owner Mayfair SE will hold 36.5%, and the fact that the new company…

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