Det Norske Veritas AS
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Det Norske Veritas AS - overview
Established
1864
Location
Oslo, -, Norway
Primary Industry
Business Support Services
About
Det Norske Veritas AS is a global provider of certification, training, and verification services, focusing on enhancing sustainable business practices across diverse industries. Founded in 1864 and headquartered in London, UK, Det Norske Veritas AS specializes in risk management and compliance verification services. The company has maintained a consistent strategy throughout its history, adapting to the evolving needs of the maritime, energy, food and beverage, and healthcare sectors, without any significant pivots or changes in ownership. The current CEO is not specified, and there are no known subsidiaries or parent companies involved.
In 2013, DNV and GL merged to form DNV GL, which was renamed to DNV in 2021 DNV provides certification, training, and verification services, crucial for improving businesses' sustainable performance. Its offerings include risk management solutions and compliance verification services, which help organizations navigate complex regulatory environments and achieve long-term strategic objectives. Clients from maritime, energy, food and beverage, and healthcare sectors utilize DNV’s services, with the company leveraging advanced technologies to deliver tailored solutions and facilitate transitions to standards like ISO certifications. Currently, DNV is focusing on expanding its market reach, particularly into North America and Asia-Pacific, with plans to launch new products aimed at enhancing compliance and risk management solutions by 2025.
The recent funding will support the development and deployment of these initiatives, ensuring that DNV remains at the forefront of providing essential services to its clients across targeted regions.
Primary Industry
Business Support Services
Sub Industries
Business Support Services, Oil & Gas Equipment and Services, Logistics & Distribution, Monitoring & Security Software
Website
www.dnv.co.uk
Total Amount Raised
Subscriber access only
Det Norske Veritas AS - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,199,234 | 2,050,322 | 2,134,574 | 2,022,971 | 2,660,611 | 2,502,468 | 5,619,827 | - | - | - |
| % Revenue Growth (YoY) | - | (6.8%) | 4.1% | (5.2%) | 31.5% | (5.9%) | 124.6% | - | - | - |
| EBITDA (USD) | 164,325 | 267,807 | 297,654 | 347,586 | 400,695 | 159,642 | (1,614,956) | - | - | - |
| Operating Income (USD) | 5,671 | 5,922 | 35,349 | 45,521 | 41,780 | (209,885) | (2,154,999) | - | - | - |
| Operating Margin | 0.3% | 0.3% | 1.7% | 2.3% | 1.6% | (8.4%) | (38.3%) | - | - | - |
| % EBITDA Margin | 7.5% | 13.1% | 13.9% | 17.2% | 15.1% | 6.4% | (28.7%) | - | - | - |
| NET Income (USD) | (2,901,518) | - | - | - | (5,415,047) | (7,657,267) | (3,813,221) | - | - | - |
| % Net Margin | (131.9%) | - | - | - | (203.5%) | (306.0%) | (67.9%) | - | - | - |
Det Norske Veritas AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Announced | Automalógica | - | ||||||||
| N/A | Completed | Centrica | - | ||||||||
| Buyout | Completed | Veritas Petroleum Services B.V. | - |
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