DNV acquires Nixu cybersecurity services company

OSLO – Global risk management and quality insurance provider DNV said they’re working to safeguard society with their acquisition of Nixu, a cybersecurity services company.

DNV announced it would be fully acquiring the Helsinki-based cybersecurity firm after taking ownership of more than 93 percent of the company’s shares following a public tender offer. As a result, DNV will combine its existing cybersecurity businesses with Nixu as they work to obtain the remaining shares and de-list the company from the NASDAQ Helsinki Stock Exchange in a deal that totals 98 million euro.

“In this decade of transformations, fulfilling our purpose of safeguarding life, property, and the environment is no longer restricted to managing risk for physical systems – it must now cover many distributed and interlinked cyber-physical systems,” said Remi Eriksen, group president and CEO, DNV. “By joining forces with Nixu we will make cyberspace a more secure place with even greater impact than either company could achieve alone. Together, we will shape the future through cybersecurity, enabling more than 100,000 customers, their systems and their supply chains to manage emerging risks.” 

Nixu CEO Teemu Salmi will lead the combined cybersecurity services business that brings together team members from DNV, Nixu and Applied Risk into a combined team of over 500 cybersecurity experts. DNC said the combined business will operate across Europe from hubs in Norway, Finland, Sweden, Denmark, the Netherlands, Germany, and Romania.

“This is an exciting time. With more than 500 cybersecurity professionals and expertise across multiple disciplines, we are creating a leading European cyber security services business,” Salmi said. “We have the scale to bring even greater value to our customers and be an exceptional place to work for cybersecurity professionals. DNV and Nixu will not only join forces with each other, we will work in partnership with our customers and the security community at large to drive innovation and industry best practice to ensure business resilience and safeguard society.”

The company said they’ve begun a tender offer period where they’ve invited the holders of the remaining shares to tender those shares by 16:00 EET on June 26, 2023. For more information, please visit www.dnv.com.