Merger between DNV and Germanischer Lloyd

[Tore Hettervik]

Merger between DNV and Germanischer Lloyd



 
DNV and GL have signed an agreement for the merger. The new entity will be called DNV GL Group. DNV Foundation will hold 63.5% of the shares, while the remaining 36.5% will be of Mayfair SE, family office of Guenter Herz and Daniela Herz-Schoeckel, which controls Germanischer Lloyd. Henrik O. Madsen, who currently is CEO of Det Norske Veritas (DNV), will be CEO of the new group.
 DNV GL Group - which will operate in the Maritime, Oil & Gas, Energy and Business Assurance segments - will be headquartered in H

[polsteam]

I have nothing to comment on this news item. Certainly there must be some kind of rationale for both entities to merge (money, etc.).

However, when talking about takeovers and mergers in general...  How much the world becomes less interesting (boring, undiversified) these days, with so many shipping companies and shipyards, logos, company identities, liveries, traditions disappearing...   not to mention jobs...