DNV owned by Det Norske Veritas
Summary
DNV's history dates from 1864, when Det Norske Veritas was established in Norway to head technical inspection and evaluation of Norwegian merchant vessels. Germanischer Lloyd was founded in Hamburg in 1867 by a group of 600 ship owners, ship builders and insurers. The company celebrated its 150th anniversary in 2014.On December 20, 2012, the two companies announced the merger, which was approved by competition authorities in South Korea, the US, the EU and China, thus allowing the merger contract between DNV and GL to be signed on September 12, 2013. The independent Det Norske Veritas Foundation owned 63.5% of DNV GL shares and Mayfair Vermögensverwaltung 36.5% until December 2017, when Mayfair sold its shares to the Det Norske Veritas Foundation. DNV GL changed it name to DNV on March 1, 2021.Together with Bureau Veritas and American Bureau of Shipping, DNV is one of the three major companies in the classification business with 300 offices in 100 countries. The company is also a key player in strategic innovation and risk management for several other industries including renewable energy (particularly in wind and solar), oil and gas, electric power generation and distribution, petrochemicals, aviation, automotives, finance, food and beverage, healthcare, software and information technology.