DNV Acquisition Of  KEMA

DNV has acquired KEMA, forming a world-leading energy consulting, testing, and certification company that can drive the worldwide transition towards a safe, reliable, efficient and clean energy eco-system.

DNV KEMA Energy and Sustainability will consist of all 1,800 KEMA employees and 500 employees from DNV”s renewable energy and sustainability activities.The new company will be led by Thijs Aarten, CEO of KEMA, and will be headquartered in Arnhem, the Netherlands.

Mr. Aarten will report to a Supervisory Board chaired by DNV CEO Henrik O. Madsen.Greenhill acted as exclusive financial adviser to DNV on this transaction, with Philip Meyerhorn from the Frankfurt office leading the team. Philip commented: “We have known DNV’s senior management for a number of years and are proud to be associated with such a high quality enterprise which dates back to 1864.

The Greenhill team enjoyed supporting DNV on this important, visionary milestone.”Willem de Nijs Bik (partner) and Baukje Dreimuller (associate) led the Houthoff Buruma team that represented new client DNV. Willem commented: “It was a very competitive process and arrangements had to be made with Alliander and Cogas the remaining shareholders. DNV put in a good bid and we found a creative solution for the remaining shareholders.”