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The meaning of «dnv»

DNV (formerly DNV GL) is an international accredited registrar and classification society headquartered in Høvik, Norway.[2] The company currently has about 12,000 employees and 350 offices operating in more than 100 countries, and provides services for several industries including maritime, oil & gas, renewable energy, electrification, food & beverage and healthcare. DNV GL was created in 2013 as a result of a merger between two leading organizations in the field — Det Norske Veritas (Norway) and Germanischer Lloyd (Germany). In 2021, DNV GL changed its name to DNV, while retaining its post-merger structure. [3]

DNV is the world's largest classification society, providing 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] It is also the largest technical consultancy and supervisory to the global renewable energy (particularly wind, wave, tidal and solar) and oil and gas industry — 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), which now contribute to DNV's expertise across several industries. In addition to providing services such as technical assessment, certification, risk management and software development, DNV also invests heavily in research.

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

DNV's history dates from 1864, when Det Norske Veritas was established in Norway to head technical inspection and evaluation of Norwegian merchant vessels.[6] On the other hand, Germanischer Lloyd was founded in Hamburg around the same period 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 Mayfair Vermögensverwaltung 36.5%.until December 2017, when Mayfair sold its shares to the Det Norske Veritas Foundation.[11] DNV GL changed it name to DNV on March 1, 2021.[12]

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 different 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.

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