Divestiture • Marine

Element Materials Technology Acquires Germanischer Lloyd Prüflabor

On November 1, 2016, Element Materials Technology acquired marine company Germanischer Lloyd Prüflabor from DNV GL Group AS

Acquisition Context
  • This is Element Materials Technology’s 1st transaction in the Marine sector.
  • This is Element Materials Technology’s 2nd transaction in Germany.

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M&A Deal Summary

Date November 1, 2016
Target Germanischer Lloyd Prüflabor
Sector Marine
Buyer(s) Element Materials Technology
Sellers(s) DNV GL Group AS
Deal Type Divestiture

Target Company

Germanischer Lloyd Prüflabor

Hamburg, Germany
Germanischer Lloyd Prüflabor GmbH is a provider of maritime classification services for new ship building and vessels in operation.
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Buyer Overview 1

Buyer

Element Materials Technology

London, United Kingdom

Category Company
Founded 2011
Sector Test/Measurement Equipment
DESCRIPTION

Element Materials Technology is a provider of testing, inspection, and certification services for a diverse range of products, materials, and technologies in advanced industrial supply chains where failure in use is not an option. The company's scientists, engineers, and technologists, working in our global network of over 200 laboratories, support customers from early R&D, through complex regulatory approvals, and into production ensuring their products are safe and sustainable, and achieve market access. Element Materials Technology was formed in 2011 and is based in London.


Deal Context for Buyer #
Overall 12 of 38
Sector: Marine 1 of 1
Type: Divestiture 3 of 7
Country: Germany 2 of 4
Year: 2016 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Northwest EMC

Hillsboro, Oregon, United States

Northwest EMC, Inc. is a provider of electromagnetic compatibility (EMC) testing services. Northwest EMC was founded in 1992 and is based in Hillsboro, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 Testing and Engineering of Aeronaurical Materials and Structures S.L.

La Rinconada, Spain

Testing and Engineering of Aeronaurical Materials and Structures S.L. (TEAMS) is a provider of technical support in materials behavior, through mechanical, physical-chemical and structural testing on both materials and components to the aerospace, space, railway, energy and naval sectors.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 3 of 4
Sector: Marine 1 of 1
Type: Divestiture 3 of 4
Country: Germany 1 of 2
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 GreenPowerMonitor

Barcelona, Spain

GreenPowerMonitor is a provider of solar monitoring, control and asset management systems. GreenPowerMonitor offers products and services in the renewable energy sector, with a specific focus in the photovoltaic space.

Buy -
FOLLOWING 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 -

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