DNV

DNV AS
Company type	Private (Aksjeselskap)
Industry	Conglomerate
Founded	1864; 160 years ago
Headquarters	Høvik, Greater Oslo, Norway
Area served	Worldwide (over 100 countries)
Key people	Remi Eriksen (CEO); Jon Fredrik Baksaas (Chairman);
Revenue	NOK 20.9 billion (2020)
Number of employees	15,000 (2024)
Parent	DNV Holding AS
Website	www.dnv.com

Det Norske Veritas (DNV), formerly DNV GL is an international accredited registrar and classification society headquartered in Høvik, Norway.^[2] DNV provides services for several industries, including maritime, oil and gas, renewable energy, electrification, and healthcare.

As of 10 January 2024, the company has about 15,000 employees and 350 offices operating in more than 100 countries and provides services for several industries. In 2013, Det Norske Veritas (Norway) and Germanischer Lloyd (Germany), two prominent organizations in the industry, merged to form DNV GL. The company later simplified its name to DNV in 2021, while maintaining the organizational structure that resulted from the merger.^[3]

DNV provides services for 13,175 vessels and mobile offshore units (MOUs), amounting to 265.4 million gross tonnes, which represents a global market share of 21%.^[4] 65% of the world's offshore pipelines are designed and installed to DNV's technical standards.

Prior to the merger, both DNV and GL had independently acquired several companies in different sectors, such as Hélimax Energy (Canada), Garrad Hassan (UK), Windtest (Germany) and KEMA (Netherlands). DNV also invests in research.

Remi Eriksen has been the Group President and CEO of DNV since August 1, 2015, succeeding Henrik O. Madsen.^[5]

Summary

DNV's history dates from 1864, when Det Norske Veritas was established in Norway to head the technical inspection and evaluation of Norwegian merchant vessels.^[6] Germanischer Lloyd was founded in Hamburg in 1867 by a group of 600 ship owners, ship builders and insurers.^[7] The company celebrated its 150th anniversary in 2014.^[8]

On December 20, 2012, the two companies announced the merger,^[9] which was approved by competition authorities in South Korea, the US, the EU,^[10] 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 36.5% of Mayfair Vermögensverwaltung until December 2017, when Mayfair sold its shares to the Det Norske Veritas Foundation.^[11] DNV GL changed its name to DNV on March 1, 2021.^[12]

In September 2023, it was announced that DNV had acquired the Houston-headquartered SaaS company, ANB Systems. The company provides energy programme services to utility and regulatory body customers.^[13]

Research

Every year, DNV invests heavily in research and development, amounting to 5% of its total revenue.^[14] Many of the DNV standards have often been used as the basis for international standards.

As of 2021, the main research programs^[15] include maritime, power and renewables, oil and gas, precision medicine, digital assurance, ocean space, artificial intelligence and energy transition. DNV publishes its independent Energy Transition Outlook annually.^[16] The fifth edition was published in 2021.

Organization

DNV is organised into six business areas:^[17]

DNV — Maritime: DNV sets standards for ships and offshore structures, known as Class Rules. DNV is authorized by 130 maritime administrations to perform verification on their behalf.
DNV — Energy Systems: DNV is working as an independent, accredited certifier of electricity transmission and distribution components.
DNV — Business Assurance: They certify the compliance of companies according to a third-party standard, such as ISO 9001 (quality management system) or ISO 14001 (environmental management system). DNV has issued management system certificates to more than 70,000 companies. It is an accredited certifier in 80 countries, and it provides clinical certifications to American hospitals.
DNV — Supply Chain and Product Assurance: Provides supply chain governance services and product and digital assurance
DNV — Digital Solutions: A provider of engineering software tools and enterprise software for improving safety and asset performance for ships, pipelines, processing plants, offshore structures, electric grids, healthcare providers and a marine fleet management software solution called ShipManager.^[18]
DNV — Accelerator: The Accelerator operates a portfolio of units undergoing significant growth through acquisitions and partnerships.

References

^ "DNV Annual Report 2020". Archived from the original on 2022-03-16. Retrieved 2021-04-08.
^ Smale, Will (21 December 2014). "The Norwegian firm that tests the world's ships". BBC News. Archived from the original on 11 February 2015. Retrieved 16 February 2015.
^ "DNV GL changes name to DNV as it gears up for decade of transformation". DNV. 2021-01-13. Archived from the original on 2021-01-27. Retrieved 2021-03-06.
^ "DNV GL to unveil rules this year". Tanker Operator. Archived from the original on 17 February 2015. Retrieved 16 February 2015.
^ "Remi Eriksen: Proud and Confident". maritime-executive.com. Archived from the original on 4 March 2016. Retrieved 3 May 2018.
^ "Det Norske Veritas (DNV) - Careers in Marine Classification Industry". www.edumaritime.net.
^ "Spotlight on Germanischer Lloyd". Maritime Executive. 2 April 2008. Archived from the original on 22 February 2015. Retrieved 22 February 2015.
^ "The Norwegian firm that tests the world's ships". BBC News. 21 December 2014. Archived from the original on 2015-08-10. Retrieved 2015-06-08. BBC News - The Norwegian firm that tests the world's ships
^ "DNV and Germanischer Lloyd Announce Merger". Forbes. Archived from the original on 2013-11-03. Retrieved 2013-11-06.
^ Almunia, Joaquín (2013-07-15). "Case No COMP/M.6885 - SDNV/ GERMANISCHER LLOYD" (PDF). Office for Publications of the European Union. Archived (PDF) from the original on 2016-03-05.
^ "The Foundation Det Norske Veritas assumes full ownership of DNV GL". DNV GL. 2017-12-14. Archived from the original on 2017-12-16. Retrieved 2017-12-16.
^ "DNV GL changes name to DNV as it gears up for decade of transformation". DNV. 2021-01-13. Archived from the original on 2021-01-27. Retrieved 2021-03-06.
^ "DNV acquires ANB Systems". Hydrocarbon Engineering. 2023-09-13. Archived from the original on 2023-12-02. Retrieved 2023-09-13.
^ Cheam, Jessica (5 March 2014). "Longevity of a business lies in sustainability". Eco-business.com. Archived from the original on 18 February 2015. Retrieved 18 February 2015.
^ "Research and Development". DNV. Archived from the original on 2023-06-09. Retrieved 2021-03-06.
^ "DNV GL's Energy Transition Outlook 2020". eto.dnv.com. Archived from the original on 2022-04-05. Retrieved 2021-03-06.
^ "About Us". DNV. Archived from the original on 2023-06-09. Retrieved 2021-03-06.
^ "Marine fleet management software; ShipManager". www.dnv.com. Archived from the original on 2023-12-04. Retrieved 2024-06-07.