M&A Deal Summary

DNV GL Group AS Acquires Energy and Resource Solutions

On February 9, 2021, DNV GL Group AS acquired engineering company Energy and Resource Solutions

Acquisition Highlights
  • This is DNV GL Group AS’s 1st transaction in the Engineering sector.
  • This is DNV GL Group AS’s 1st transaction in the United States.
  • This is DNV GL Group AS’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-02-09
Target Energy and Resource Solutions
Sector Engineering
Buyer(s) DNV GL Group AS
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Energy and Resource Solutions

North Andover, Massachusetts, United States
Energy and Resource Solutions (ERS), located in North Andover, Massachusetts, is an engineering consultancy that helps organizations to manage and reduce energy costs through program design, outreach, implementation, and evaluation services.

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Buyer(S) 1

Buyer

DNV GL Group AS

Høvik, Norway
Category Company
Founded 1864
Sector Engineering
Employees16,000
Revenue 15.2B EUR (2013)
DESCRIPTION

Det Norske Veritas, DNV is a company in corporate risk management related services, having a strong foothold in vessel classification and certification.

DEAL STATS #
Overall 6 of 6
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 DNV GL Group AS - Maritime

Hovik, Germany

DNV GL Group AS - Maritime division provides a shipping fleet management and advisory services in Germany.

Sell -
Mergr

Product

Company

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