DNV has announced a deal to acquire cyber security firm Applied Risk, with the two companies to join forces with the aim of building “the world’s largest industrial cyber security practice,” serving maritime and other industrial sectors.
“Maritime assets are now at higher risk of new forms of cyber-attacks, as their control systems become increasingly connected,” said Remi Eriksen, Group President and CEO, DNV.
“Life, property and the environment are at stake. DNV is investing significantly in helping our customers build a powerful force of defence. By joining forces with Applied Risk, we aim to build an industrial cyber security powerhouse to support the sector in managing these emerging risks.”
Established in 2012, Applied Risk’s engineering and cyber security teams are headquartered in Amsterdam, the Netherlands, and work with a client portfolio across Europe, the Middle East and Asia.
“DNV and Applied Risk share a common vision of safeguarding critical industrial assets from the growing volume and complexity of cyber-attacks,” said Jalal Bouhdada, CEO, Applied Risk.
“This partnership brings together two highly respected organisations in industrial assurance and cyber security solutions. We will combine the strengths of Applied Risk and DNV with significant investments in security research and innovation to build and grow a cutting-edge industrial cyber security business that helps our customers outpace new threats posed by cyber criminals.”
Applied Risk and DNV will operate together under the DNV brand with a combined leadership team from both companies.