The Norwegian Foundation Stiftelsen Det Norske Veritas has bought German Mayfair’s 36.5% shares in DNV GL Group. The agreement regarding the leading quality assurance and risk management company DNV GL was signed on 8 December.
In 2012, Stiftelsen Det Norske Veritas and Mayfair agreed to build a global quality assurance and risk management leader to succeed in a rapidly transforming market: Germanischer Lloyd was merged with Det Norske Veritas to create DNV GL.
The Foundation sees assuming full ownership of DNV GL as the best investment to fulfill its purpose of safeguarding life, property and the environment and to realize its strategy. The agreement between the two parties enables the Foundation to make this investment now and to provide continued support to DNV GL going forward.
The DNV GL strategy, ‘Leading towards a digital, agile and efficient future’ remains unchanged. There will also be no changes to the management, organization, name or branding. DNV GL’s headquarters for the Maritime business area will remain in Hamburg.