Noble Denton and Germanischer Lloyd Join Forces

Fri Apr 3, 2009 12:15pm EDT

* Reuters is not responsible for the content in this press release.

HOUSTON, April 3 /PRNewswire/ -- The merger of Noble Denton and
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
organisations 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.
    Germanischer Lloyd in Houston
    Germanischer Lloyd (GL) is a technical assurance and consulting company
as well as a ship classification society. The company with its head office in
Hamburg, Germany, employs more than 5,500 highly skilled engineers. The
global network consists of 208 locations around the globe.
    At GL's Americas regional headquarters in Houston, GL employs more than
100 technical experts serving the maritime as well as the oil and gas
industries. GL provides quality assurance and quality control services to the
oil and gas industry. At their Houston base, the company focuses on the
upstream sector and is a renowned specialist in downhole equipment and
tubular goods as well as overall integrity services of pipelines. GL's
Houston Hazard & Risk team performs major hazard risk assessments for the
process industries. Facilities included are refineries, offshore platforms
and FPSOs, LNG plants and onshore production facilities. GL's Hydraulic
Consulting Services (HCS) covers the full spectrum of hydraulics consultancy:
detailed system design to determine system capacities; surge analysis for
unanticipated events; simulation of operating and emergency procedures for
safety and code compliance; forensic analysis for failure investigations with
expert witness and testimony to appropriate agencies.
    GL offers worldwide specialized technical services addressing asset
integrity management, safety and risk analyses, reliability and performance
management related to energy production, storage and transportation. In
addition, GL provides technical and consulting expertise to the renewable
energy sector. In the maritime industry, GL's ship classification activities
include comprehensive services for ship owners, shipyards, the maritime
supply industry and flag states.
    - 1867: Founded as a German maritime classification society
    - 1976: Entry in the industrial services segment (oil and gas,
            renewables)
    - 2006: Change in ownership to family trust
    - 2007: Start of a series of acquisitions in different segments. Stepped
            up growth initiatives.
    - 2008: Service portfolio expansion in oil and gas, renewables and
            industrial inspection businesses
    - 2009: Merger with Noble Denton


    http://www.gl-group.com
    About Noble Denton
    With a long established presence in all major oil and gas markets
worldwide Noble Denton is a world-class provider of life-cycle marine and
offshore engineering services to the energy industries. The company's
existing highly-skilled dynamic workforce of around 900 employees worldwide
combines practical seafaring skills and high-end analytical engineering
expertise. In Houston alone, Noble Denton employs 100 engineers.
    Delivering innovative solutions to complex problems with integrity and
technical excellence, Noble Denton has been involved as a marine advisor
and/or warranty surveyor in reaching most of the major milestones of the
offshore industry and continues to lead the way in the development of
industry standard marine operations guidelines.
    - 1904: Founded by Captain Pedder in the United Kingdom
    - 1970: Strong international expansion starts with a first office in
            Singapore
    - 2003: Accelerate growth path by selected acquisitions
    - 2006: Management sells majority to Norwegian private equity companies
    - 2008: Market leader in Marine Warranty Surveys, Dynamic Positioning
            Assurance, and in consultancy for the offshore industry
    - 2008: Acquisition of Standard & Brevik Engineering, two offshore
            engineering and marine consultancies
    - 2009: Merger with GL


    http://www.nobledenton.com

    Press contact:

    Germanischer Lloyd Corporate Communications
    Tel. +49(0)40-36149-4509, Fax +49(0)40-36149-250, pr@gl-group.com
    Your contacts are Dr. Olaf Mager and Stefanie Normann-Birkholz.

    This press release is available at http://www.gl-group.com.



SOURCE  Germanischer Lloyd

Press contact: Germanischer Lloyd Corporate Communications, Tel.
+49(0)40-36149-4509, Fax +49(0)40-36149-250, pr@gl-group.com; Your contacts
are Dr. Olaf Mager and Stefanie Normann-Birkholz.
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