DNV GL buys Swedish power system firm Gothia Power

DNV GL has bought Swedish power system analysis company Gothia Power.

“This company’s expertise and services are a perfect match for DNV GL’s existing portfolio in the renewable power, transmission and distribution industries. I am therefore happy to announce this acquisition, which establishes DNV GL’s technical and strategic power system services in the Swedish and Baltic energy markets and further strengthens our leading position worldwide,” says DNV GL President and CEO Remi Eriksen.

Gothia Power’s 28 power system experts work out of offices in Gothenburg, Malmàƒ¶, Vàƒ¤steràƒ¥s and Oskarshamn. The company offers advanced analysis and measurements for power generation, power transmission and power consumption.

“Sweden is one of the most interesting energy markets in Europe. It has a strong and innovative industrial base, especially within power and transmission. In addition, Sweden’s power system is tightly integrated with the rest of the Nordics and Baltics, both physically and through the Nord Pool power exchange. This is one of the reasons why DNV GL views Sweden as a strategic growth market,” Eriksen explains.

Fredrik Sjàƒ¶gren, CEO of Gothia Power, says: “It is with great anticipation that we have now concluded the acquisition process with DNV GL. Together, I see many advantages; our unique competence in power system analysis can reach new customers in a global market and at the same time we see great opportunities to strengthen our services to existing customers in Sweden and the wider Nordics. DNV GL’s strategy to address the energy trilemma of reliability, affordability and sustainability in the energy industry is aligned with the technological and business-related opportunities we see in the future.”

DNV GL provides advanced technical advisory services worldwide throughout the electricity value chain as well as certification and verification of power system technologies. As the world is transitioning into a low carbon future, these services are essential for nations making strategic decisions about their power market policies and energy future.

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