DNV GL will go back to being known simply as DNV from 1 March, in a rebranding that comes with a new five-year business plan under chief executive Remi Eriksen.
The former Det Norske Veritas became DNV GL in 2013 following a merger with Germanischer Lloyd after the acquisition of a 65% stake in the German classification society.
It then moved its maritime business from Oslo to Hamburg.
By 2018, not-for-profit shareholder Det Norske Veritas Foundation took full control of the merged company by buying out its partner, the Mayfair Group, in a reported $1.5bn transaction.
When the takeover was complete, observers speculated that it was only a matter of time before the GL part of the branding was dropped.
Eriksen said: “We merged two leading companies with complementary strengths and market positions and combining the two names was the right solution in 2013.
"However, it was not a name that rolled off the tongue, and many customers already refer to the company as DNV. Our brand is used by many of our customers to build trust towards their stakeholders, and a simpler name will be an even stronger trust mark for our customers in the future.”
Eriksen said the five-year business plan will focus on digitalisation and decarbonisation, with an emphasis on its assurance services.
Assurance, he said, is a fundamental value to the classification society, which will be applied to data, digital twins and digitalised processes. He said the next decade would be one of transition, particularly in the field of decarbonisation.
“DNV will offer the best, most efficient and digitalised ways of delivering services — be it classification, certification, verification, inspection, advisory or digital solutions,” he added
