DNV+Inspection+sold

OSLO: 20 October 2005. Det Norske Veritas (DNV) has sold its Swedish inspection company, DNV Inspection, which has 500 employees, to Finland’s Inspecta. This sale also includes DNV Nuclear Technology and DNV Technology Sweden.

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Henrik Madsen

With this sale, DNV is focusing in Sweden on the activities of the DNV Maritime and DNV Certification business areas where DNV is a market leader. A total of 90 employees work in these two business areas.

”This focus on our core activities will reinforce DNV’s position as a market-leading provider of certification and classification services in Sweden,” states Henrik O. Madsen, the head of DNV Certification and a member of DNV’s corporate management.

Its acquisition of DNV Inspection makes Inspecta the Nordic region’s largest inspection company, with more than 1,000 employees. The sale is conditional on approval by the competition authorities in several European countries, and is expected to be concluded by the end of the year.

For further information in Inspecta, please contact: CEO Simo Hassi – tel: +358 10 521 62 00

Date: 2005-10-20

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Facts

Inspecta Oy started off as Statens Tekniska Kontrollcentral (Teknillinen Tarkastuskeskus) in Finland, and is now an independent, privately owned company that provides inspection, testing and certification services. Its largest owners are the capital-investment fund MB Funds, Finland’s standardisation organisation SFS, Elsäkerhetscentralen and the Finnish association that monitors the quality of building materials.

Det Norske Veritas (DNV), which was established in 1864, is an independent foundation with the objectives of safeguarding life, property and the environment. The company’s head office is in Oslo, Norway. DNV is a world leader in risk management, classification and certification services, and has 6,000 employees at 300 offices in 100 countries.