DNV acquires cyber security firm Nixu

Once DNV acquires the remaining 7% the two companies’ cyber security businesses will be combined to create a 500-strong team.

“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,” commented Remi Eriksen, group president and chief executive, DNV.

“By joining forces with Nixu we will make cyberspace a more secure place with even greater impact than either company could achieve alone, enabling more than 100,000 customers, their systems and their supply chains to manage emerging risks,” he added.

Nixu chief executive Teemu Salmi will lead the new team, 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.

“This is an exciting time,” said Teemu Salmi. “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.”

DNV is inviting remaining shareholders to tender their Nixu shares by 16:00 EET on 26 June 2023. DNV has initiated the process to acquire all remaining minority shares in accordance with the Finnish Companies Act, before applying to de-list Nixu from the Nasdaq Helsinki Stock Exchange.