Type
Business expansion
Country
Norway
Region
Location of affected unit(s)
Sector
Professional Services
Scientific, Architectural And Engineering Technical Activities
Architectural And Engineering Activities; Technical Testing And Analysis
71.2 - Technical testing and analysis

300 jobs
Number of planned job creations
Job creation
Announcement Date
4 July 2006
Employment effect (start)
1 January 2006
Foreseen end date
31 December 2006

Description

Established in 1864, DNV is an independent foundation which is a leading international provider of services for managing risk. DNV operates in multiple industries internationally, but the strongest market presence and largest customer base is within maritime, oil & gas and process industry and transportation (rail, automotive and aviation). Core activity is classification of ships and the core competence is identifying, analyzing and managing of risk.

The group has about 300 offices in almost 100 countries. The group has about 6500 employees, whereof 2000 in Norway. The head office is at Høvik, outside Oslo. On 4 July 2006 the group announced that they had already grown with 400 employees this year and plan to increase this number with 500 more before the year ends. Of these 900, 300 will be employed in Norway, 50-60 in China and 40-50 in Brazil. The group expects the growth to continue and plans to expand with additional 1000 new employees worldwide in 2007.

The group states that it is mainly organic growth (60%), but also buying of niche companies contributes to the growth. The reason for growth is the growing need worldwide for managing risk and safeguarding life, property, and the environment because of the society's increasing dependency of vulnerable advanced technology, especially ICT systems.


Sources

  • 4 July 2006: Aftenposten

Citation

Eurofound (2006), Det norske Veritas (DNV), Business expansion in Norway, factsheet number 63824, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63824.