DNV and KEMA link for energy consulting powerhouse

The new group will work on smart grid development

The new group will work on smart grid development

Norway’s DNV has acquired a 74.3% controlling stake in Netherlands-based KEMA, creating a major new global consulting group centred on the clean energy, power generation, transmission and distribution sectors.

The new company DNV KEMA, to be led by KEMA chief executive Thijs Aarten, will be based in Arnhem, the Netherlands.

Aarten will report to a supervisory board chaired by DNV chief executive Henrik Madsen.

The terms of the deal were not disclosed, but analysts say it will create a powerful new global energy consulting, testing and certification group with a combined turnover of around €300m.

KEMA had revenues last year of around €245m and a profit of €20m. DNV’s sustainability business had revenues of around €50m.

DNV KEMA will comprise some 1,800 Log in to read complete article.

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