GEAR | DNV acquires cybersecurity services company

From left: Remi Eriksen, Group President and CEO at DNV; Liv Hovem, CEO of DNV’s Accelerator; Teemu Salmi, CEO at Nixu; Jari Nisk, Chairman of the Board at Nixu (Photo: DNV)

Classification society DNV will fully acquire cybersecurity services firm Nixu following a public tender offer that resulted in DNV taking ownership of more than 93 per cent of Nixu’s shares.

DNV will combine its cybersecurity businesses with Nixu following a process to acquire the remaining shares in Nixu and de-list the company from the Nasdaq Helsinki Stock Exchange. The acquisition has an estimated value of €98 million (US$106.9 million).

A combined team of more than 500 cybersecurity experts will provide a portfolio of consulting and managed services to manage cyber risks. The two companies will also combine their cybersecurity certification businesses.

Nixu CEO Teemu Salmi will lead the combined cyber security services business, bringing together experts from DNV, Nixu and Applied Risk – an industrial cyber security specialist acquired by DNV in 2021 – into one business. The combined business will operate across Europe from hubs in Norway, Finland, Sweden, Denmark, the Netherlands, Germany, and Romania.

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