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CC
Technologies Acquired by Det Norske Veritas
02/18/05
Elisabeth
Harstad, DNV Executive Vice President, Craig Colby DNV
TS Regional Manager, and Neil Thompson, CCT President
Unfurl the DNV flag at CCT’s Dublin Ohio corporate
offices. |
DNV has announced
today the acquisition of Cortest Columbus Technologies (CCT).
DNV and CCT have very complementary technological market positions.
The acquisition will increase the competence and service to
better serve expanding markets.
DNV is a knowledge-based organization. Its
prime assets are the creativity, knowledge, and expertise
of their employees. Most of the over 6000 employees are highly
qualified engineers and technical personnel.
DNV is an international company with about
300 offices in 100 different countries. Headquartered in Oslo
(Høvik), Norway, DNVs global network is linked by efficient
information technology enabling us to create value for our
customers in a coherent and consistent manner worldwide.
Neil Thompson, founder of CCT, will continue
as the President and had this to say regarding the acquisition:
“This is a great opportunity to take our knowledge,
experiences and services to a higher level. The similar corporate
philosophies and commitment to technical excellence and customer
satisfaction exhibited by the two organizations provide an
attractive option for CCT to continue to pursue its strategic
goals under the DNV brand.”
Elisabeth Harstad, DNV Executive Vice President:
“This is a large step forward for DNV towards the onshore
pipeline market.” She added: “A vital part of
the DNV Technology Services (DNV TS) strategy is to become
the leading provider of technology services to the onshore
pipeline market as well as the offshore one. Over the past
few years we have evaluated several companies that could strengthen
our position in this market. Now that all of the papers are
signed, I’m sure the final solution will be a win-win
situation and that CCT will fit into the DNV culture.”
To assist in the integration process, DNV
will be strengthening CCT’s management team with a service
integration manager and a financial manager from the existing
DNV organization.
Craig Colby, the DNV TS regional manager for
North America, has been in charge of the successful negotiation
process. He will now become chairman of the board of CCT.
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