DNV, KEMA create world-leading energy, sustainability company

DNV has acquired 74.3percent of KEMA’s shares, creating a world-leading consulting and certification company within the cleaner energy, sustainability, power generation, transmission and distribution sectors.

Dec 22nd, 2011
Dec. 22, 2011 -- DNV and KEMA will form a world-leading energy consulting, testing and certification company that can drive the worldwide transition toward a safe, reliable, efficient and clean energy ecosystem. DNV KEMA, which is being formed through DNV's acquisition of 74.3percent of KEMA’s shares, will consist of all 1,800 KEMA employees and 500 employees from DNV’s renewable energy and sustainability activities. The new company will be led by KEMA CEO Thijs Aarten and headquartered in Arnhem, the Netherlands. Aarten will report to a supervisory board chaired by DNV CEO Henrik O. Madsen.
“By joining forces, 2,300 experts will meet the needs of an industry in rapid transition and growth,” said Leif ArneLangøy, chairman of DNV’s board of directors. The combination of cleaner fossilfuel-based power generation and the increased use of renewables will truly make a global impact. This is the strategic rationale behind DNV’s biggest investment ever which, along with DNV’s other 8,000 employees engaged in supporting our maritime, oil and gas and other customers, makes DNV a leading global player in third-party and technical advisory roles.
Strategic, Cultural Match
KEMA’s activities complement those of DNV’s existing renewable energy and sustainability businesses, and all these activities will be integrated to form one service offering to the global energy sector. Services will cover the entire energy value chain from energy sources to end users, including wind energy, carbon capture and storage, carbon trading, energy efficiency, power generation, transmission and distribution, and energy-related testing, inspection and certification.
The global energy sector is heading for significant changes and investments. The International Energy Agency (IEA) estimates that $10 trillion will be spent between 2010 and 2030. Stricter environmental regulations and increased fuel costs will drive a transition toward cleaner fossil fuel and more cost-effective power generation. This transition, including that toward integrating more renewable power into the energy grids, will require systemwide changes. In the U.S., Europe and Asia, the shift is already underway and will be partly supported by the introduction of smart grids or intelligent energy networks.
“In DNV, we have found a solid, innovative and international partner that has the same strategic vision, purpose and values as our company,” Aaren said. ”For decades, KEMA has been a highly respected global energy consultant and provider of energy-related testing, inspection and certification services. Both KEMA and DNV have strong traditions as independent leading players with world class technical and business knowledge and growth ambitions.”
During the past two decades, DNV has become a leading certifier and technical adviser on renewable energy, Madsen said.
“Over the past two decades, we have become a leading certifier and technical adviser on renewable energy,” Madsen said. ”But to fulfil our ambition of really impacting our customers’ transition towards a low carbon economy we need to also provide independent certification and technical advice to the power generation, transmission and distribution sector. KEMA is globally recognised in this mission sector and is thus a perfect strategic fit.
“Through organic growth and acquisitions, we have built significant capacity relating to renewable and cleaner energy, such as wind and solar energy and carbon capture and storage. In addition, DNV has recently developed power transmission and distribution capabilities, a field in which KEMA is already a global leader. The acquisition of 74.3 percent of KEMA’s shares is a huge step towards achieving our ambitions and widens our portfolio, which includes our traditional maritime and oil and gas businesses.” .
DNV KEMA’s core markets are in Europe, North America and China, Aarten said.
”The new company will benefit our customers by providing them with a broader portfolio of services across the entire energy value chain,” Aarten said.
While DNV becomes the majority shareholder with a 74.3 percent share, Alliander retains its holding (25.4 percent) as does Cogas (0.3 percent). The transaction is subject to the approval of the U.S., Dutch and German competition authorities.
About DNV
DNV is a global provider of services for managing risk and helping customers to safely and responsibly improve their business performance. Organized as an independent, private foundation, DNV’s objective is to safeguard life, property and the environment. The company serves a range of industries, with a special focus on the maritime and energy sectors. Established in 1864, DNV has a global presence with headquarters in Oslo, Norway. Its prime assets are the knowledge and expertise of its 8,500 employees from 98 nations.
About KEMA
KEMA, founded in 1927, is an independent, knowledge-based company that is active worldwide in the energy value chain and specialises in delivering world-class services in the fields of business and technical consultancy, operational support, measurement and inspections, and testing and certification. As an independent business, KEMA advises and supports government bodies as well as producers, suppliers and endusers of energy and manufacturers of electricity transmission and distribution equipment. More than 1,800 professionals work at KEMA, which has branches and representatives in more than 20 countries.
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