Clearwater International advises DNV GL on the acquisition of a minority stake in Valoritalia
Clearwater International has advised DNV GL, on the acquisition of a 2% stake, owned by Federdoc, of Valoritalia.
Founded in 2009 and headquartered in Roma, Valoritalia is the Italian leading player active in the certification of Denomination of Origin wines, holding more than 50% of the market share. The company guarantees the traceability of the product from the vineyard to the market, ensuring that companies, institutions and consumers comply with the production standards established in the Production Regulations adopted by the Protection Consortia. Among DOC, DOCG and IGT, Valoritalia certifies 230 Designations of Origin, equal to over 60% of the Italian production of quality wines.
DNV GL, based in Oslo and strongly presented in Italy, is one of the world's leading groups active in consulting and classification for the energy, maritime, oil & gas sectors providing certification, verification, assessment, and multi-sector training activities. The business works with companies in all sectors to ensure the quality of products and services and the efficiency of the organisation and processes. Over the past decade, it has issued more than 70,000 certifications in 180 countries.
With the strategic acquisition of a minority stake, DNV GL aims at a future achievement of synergies in relation to the internationalisation of the wine growing DO system and certification controls.