DNV GL Acquires Marine Cybernetics

Posted by Eric Haun
Wednesday, May 07, 2014
Remi Eriksen, DNV GL Group COO and Executive Vice President, shaking hands with Stein Eggan, Chief Executive Officer of Marine Cybernetics (Photo courtesy DNV GL)

DNV GL, a ship and offshore classification society and technical risk service providers, has acquired Marine Cybernetics, a company for third-party testing of computer control systems. The acquisition expands DNV GL’s scope of services in the offshore and maritime industries.

Marine Cybernetics was established in 2002 as a spin-off from the Norwegian University of Science and Technology (NTNU). Based in Trondheim, Norway, the company introduced the concept of Hardware-In-the Loop-Testing (HIL) to the maritime and offshore industries. HIL testing significantly reduces the risk of accidents, off-hire costs and non-productive time due to software-related issues.

“The decision to invest in Marine Cybernetics was driven by the increasing importance of software dependent systems in ensuring safe, reliable and efficient operations. We have now come to a point where we cannot only rely on testing and verifying hardware,” said Remi Eriksen, DNV GL Group Executive Vice President and COO. “We see that an increasing number of incidents, many of them severe, are caused by software- related issues. There’s a weak spot in the way the offshore and marine industries work to ensure total system quality. That weak spot is getting bigger every day, but we’re going to rectify this,” he continued, adding, “Marine Cybernetics has unique technology and processes for the third-party testing and verification of computer-based control systems. This will be a game changing platform to enhance safety and increase operational efficiency in the offshore and maritime industries.”

A requirement of software-system certification was introduced into the offshore classification rules by DNV GL some time ago. Currently, the market for the third- party testing and certification of control systems is small but has huge potential.

According to Eriksen, the short-term synergies will facilitate a global roll out of HIL testing services via DNV GL’s worldwide network, allowing Marine Cybernetics to reach even more customers across the globe. A mid-term perspective is a combination of service offerings. “As such, we strive to actively drive the further development of the concept of classification. And a longer term goal is to use the competencies and technologies in other asset heavy and software intensive industries, such as the power generation, transmission and distribution industries,” Eriksen said.

Marine Cybernetics Chief Executive Officer Stein Eggan said, “This is an important milestone for Marine Cybernetics and true recognition of our capabilities as the leading provider of third- party testing and verification of control system software for the maritime and offshore industries. Since DNV GL is the leading global ship and offshore classification society and the leading technical assurance provider to the oil and gas industry, this transaction will also strengthen our global delivery capabilities and continued technological development, benefitting both companies' customers and industry partners as well as creating interesting opportunities for our employees.”

Eggan continued, “We have enjoyed a good working relationship with DNV GL for many years and look forward to bringing our companies together to continue to build a sustainable business in the software integrity field, strongly vested in shared philosophies and core values.”

“Main shareholder Statoil Technology Invest (STI) first supported Marine Cybernetics through its LOOP product development programme in 2003 and then invested in 2005, recognizing the importance of being able to independently test critical control system software on vessels and rigs. We are pleased to see that MC has found a good home in DNV GL,” said Richard Erskine, Managing Director of STI.

Besides Statoil Technology Invest and the Kristian Gerhard Jebsen Group, the shares of Marine Cybernetics were held by Marine Cybernetics employees and management as well as the former founders, who are now completely out of the company . To reflect its cross-industry relevance and strategic importance to DNV GL, Marine Cybernetics will become an independent business unit within the DNV GL Group.

dnvgl.com
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

News

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Electronics

Imtech Marine, Radio Holland Equip Floatel

Last month, POSH Xanadu, the largest purpose-built floatel to date was delivered at PaxOcean in Zhoushan. POSH Xanadu is a ship-shaped column stabilized semi-submersible accommodation platform,

Enhanced Satellite Connectivity in Papua New Guinea

SpeedCast partners with O3b to deliver enhanced connectivity to Papua New Guinea   Global satellite communications service provider SpeedCast International Limited

New Simulator Improves Inland Waterway Training

Simulation Tool for Brown Water Training and Collision Reconstruction   BMT ARGOSS a subsidiary of BMT Group Ltd., has developed a specialized version of its

Software Solutions

Navy Communications Satellite Launched

The Navy's third Mobile User Objective System (MUOS) satellite was launched today at 8:04 p.m. EST from Space Launch Complex 41. This communications satellite

BASS Lands Reederei Hamburger Lloyd Contract

Reederei Hamburger Lloyd GmbH & Co KG (RHL), signed a contract with BASS on December 31, 2014, for virtually the full suite of BASSnet software solutions for its

Fugro Wins Flood Risk Data Contract

Fugro, as a member of the Compass PTS joint venture, has been awarded an indefinite delivery/indefinite quantity (ID/IQ) contract for flood risk data services. The contract was awarded by the U.

Classification Societies

What Keeps ‘Good Ship’ RINA Buoyant

When the Institution of Naval Architects was formed in 1860 it became one of the bastions of Victorian engineering, enabling and encouraging the exchange of knowledge,

Greece Delegates New Authority to RS

New authority delegated to RS by the Maritime Administration of the Hellenic Republic   A new agreement governing the delegation of authority for statutory surveys

Lightweight Composite Approved for Ship

For the first time, combustible, fibre-reinforced, lightweight composite has been approved for use in a SOLAS ship. Panama's flag authority has accepted a design

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4317 sec (2 req/sec)