DNV acquires Nixu to safeguard society from rising cyber security risks

Nixu Corporation, press release, June 20, 2023 at 10:30 a.m. EEST

DNV AS has today announced the following concerning Nixu:

• DNV takes ownership of more than 93% of shares in cyber security services leader Nixu following a public tender offer
• DNV will acquire all remaining Nixu shares before delisting Nixu from the Nasdaq Helsinki Stock Exchange, valuing the deal at 98 million euros
• DNV will combine its existing cyber security businesses with Nixu following de-listing  
• A 500-strong expert team will safeguard demanding IT and industrial control system environments and build business resilience across multiple industries
• Nixu CEO Teemu Salmi will lead the combined business.

Oslo, 20 June 2023: DNV, the global risk management and quality assurance provider, will fully acquire Helsinki-headquartered cyber security services firm Nixu following a public tender offer which resulted in DNV taking ownership of more than 93% of Nixu’s shares. DNV will combine its cyber security 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 98-million-euro deal will create one of Europe’s fastest growing cyber security services businesses.

Together, DNV and Nixu will safeguard demanding IT and industrial control system environments and build business resilience across multiple industries – from energy and maritime to telecommunications and financial services. A combined team of more than 500 cyber security experts will provide a market-leading portfolio of consulting and managed services to manage cyber risks. The two companies will also combine their cyber security certification businesses.

“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. 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 cyber security, enabling more than 100,000 customers, their systems and their supply chains to manage emerging risks,” said Remi Eriksen, Group President and CEO, DNV. 

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 with focus on rapid organic growth and further strategic acquisitions and partnerships globally.

“This is an exciting time. With more than 500 cyber security professionals and expertise across multiple disciplines, we are creating a leading European cyber security services business. We have the scale to bring even greater value to our customers and be an exceptional place to work for cyber security 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,” said Teemu Salmi, CEO, Nixu.

DNV has begun a subsequent tender offer period, inviting holders of remaining shares in Nixu to tender their shares by 16:00 EET on 26 June 2023. DNV has initiated the process to acquire all remaining minority shares in Nixu in accordance with the Finnish Companies Act, before causing Nixu to de-list from the Nasdaq Helsinki Stock Exchange. 

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Notes to editors:

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Media contacts:

DNV
Robert Coveney
rob.coveney@dnv.com
+44 7753 294 635

Nixu
Anniina Hautakoski
anniina.hautakoski@nixu.com
+358 50 598 8304

About DNV

DNV is an independent assurance and risk management provider, operating in more than 100 countries, with the purpose of safeguarding life, property, and the environment.  Whether assessing a new ship design, qualifying technology for a floating wind farm, analysing sensor data from a gas pipeline or certifying a food company's supply chain, DNV enables its customers and their stakeholders to manage technological and regulatory complexity with confidence.  As a trusted voice for many of the world’s most successful organizations, we use our broad experience and deep expertise to advance safety and sustainable performance, set industry standards, and inspire and invent solutions. 

For more information, visit: www.dnv.com

About Nixu

Nixu is a cyber security services company that has been shaping the future through cyber security for over three decades. The company makes cyberspace a secure place and helps clients ensure business resilience with peace of mind. Nixu has Nordic roots and employs around 400 of the best professionals in Finland, Sweden, the Netherlands, Denmark, and Romania. Nixu’s experts are safeguarding the most demanding environments of some of the largest organizations in the world across all industries. Nixu shares are listed on the Nasdaq Helsinki Stock Exchange.

For more information, visit: www.nixu.com.