April 6, 2009
GL acquires Noble Denton
Germanischer Lloyd has acquired Noble Denton. It says the merger of Noble Denton with Germanischer Lloyd forms a fully integrated technical assurance and consulting company to serve the worldwide energy industries. The new entity will provide assurance, inspection, and consulting as well as project management on a worldwide scale. It will focus its services along the entire life cycle oil and gas -- upstream, midstream, and downstream -- renewables and energy installations onshore and offshore. This includes safety, integrity, reliability and performance management.
In Houston alone, the two companies will jointly operate with a workforce of more than 200 engineers and technical experts serving the U.S. oil and gas industry.
"The merger is a reflection of the needs of our clients who increasingly face challenges in technology, environment and asset integrity. They are looking for partners who can provide a single source of engineering, consulting and project management services in the geographies in which they are based. This merger will ensure that we become the premier global business partner in oil and gas, renewables and energy supply markets," said Pekka Paasivaara, Member of the Executive Board Germanischer Lloyd at a press conference in Houston.
Germanischer Lloyd, headquartered in Hamburg, Germany, and Noble Denton, headquartered in London have followed similar growth strategies. Both have conducted a number of acquisitions recently to complement their areas of expertise. Acquisitions by GL include the UK-based Advantica Group, Canadian and U.S. PV Inspection, Montreal-based Helimax, Kuala Lumpur-based Trident Consultants, Houston-based Materials Consulting Services and International Refinery Services in Singapore. Noble Denton has strengthened its portfolio by acquiring Martech Unlimited, BOMEL Consultants, Intelligent Decisions, Poseidon Maritime Ltd., Lowe Offshore International Inc., Standard Engineering and Brevik Engineering.
"With Noble Denton's expert knowledge in assurance and consulting as well as project management, transportation and installation services relating to offshore assets we will enter a new dimension of services and expertise for the marine and offshore oil and gas industry. We will be the full service provider for the entire lifecycle of oil and gas installations," said Pekka Paasivaara.
Both companies serve clients from oil and gas companies, contractors, shipyards, ship owners, consultants, designers and financial institutions across the marine and energy industries. The joint workforce will amount to more than 6,400 employees in 80 countries.
"Noble Denton is excited to be merging with GL. We share the same values of safety, integrity and technical excellence. This partnership brings benefits to our clients and employees alike. We are now able to provide an even more comprehensive service offering to our clients, with access to a greater number of technical experts. This will enable us to enter developing markets," explained John Wishart, Group Managing Director of Noble Denton.