Noble Denton joins GL GroupNews // April 2, 2009
Noble Denton and class society Germanischer Lloyd have announced that they are to merge.
"The merger of Noble Denton and Germanischer Lloyd forms a fully integrated technical assurance and consulting company to
serve the worldwide energy industries. The new entity will provide assurance, inspection, and consulting as well as project management on a worldwide scale. It will focus its worldwide services along the entire life cycle oil and gas - upstream, midstream, and downstream, renewables and energy installations onshore and offshore. This includes safety, integrity, reliability and performance management," said the companies in a statement.
"The merger is a reflection of the needs of our clients who increasingly face challenges in technology, environment and asset integrity. They are looking for partners who can provide a single source of engineering, consulting and project management services in the geographies in which they are based. This merger will ensure that we become the premier global business partner in oil and gas, renewables and energy supply markets," said Pekka Paasivaara, Member of the Executive Board Germanischer Lloyd, at a press conference in London.
Germanischer Lloyd, headquartered in Hamburg, Germany, and Noble Denton, headquartered in London have followed similar growth strategies. Both organisations have conducted a number of acquisitions recently to complement their areas of expertise.
Acquisitions by GL include the UK-based Advantica Group, Canadian and US PV Inspection, Montreal-based Helimax, Kuala Lumpur-based Trident Consultants, US-based Materials Consulting Services and International Refinery Services in Singapore.
Noble Denton has strengthened its portfolio by acquiring Martech Unlimited, BOMEL Consultants, Intelligent Decisions, Poseidon Maritime Ltd, Lowe Offshore International Inc, Standard Engineering and Brevik Engineering.
"With Noble Denton's expert knowledge in assurance and consulting as well as project management and transportation and installation services relating to offshore assets we will enter a new dimension of services and expertise for the marine, offshore oil and gas industry. We will be the full service provider for the entire lifecycle of oil and gas installations," said Mr Paasivaara.
Both companies serve clients from oil and gas companies, contractors, shipyards, ship owners, consultants, designers and financial institutions across the marine and energy industries.
The joint workforce will amount to more than 6,400 employees in 80 countries.