Novozymes to be soon renamed as Novonesis

New Delhi: Novozymes and Chr. Hansen have announced their future name ‘Novonesis’, marking an important milestone towards uniting the two companies.

The name reflects the beginning of an era of biosolutions where Novonesis will unleash the full potential of biological solutions and generate significant value for all stakeholders and society at large.

The merger approval process continues to progress as planned, and the deal closing is expected to take place in the first quarter of 2024 following regulatory approval. The name Novonesis will be used and gradually implemented once the proposed combination is completed. Until final merger control approvals are received, and the proposed combination completes, Novozymes and Chr. Hansen operate as completely separate companies.

Ester Baiget, President and CEO of Novozymes, said: “Novonesis reflects where we came from, what we can achieve, and what we will become together. We are dedicated to harness the transformative potential of biology. Building on our legacy of developing innovative biosolutions, we stand ready to unlock unprecedented opportunities. In Novonesis, we will unite the brightest minds and the best science and technology in the field to help customers and businesses prosper while enabling to solve some of the greatest challenges we all face. We are here to start an era of biosolutions. That is why we have chosen to call our new company Novonesis which means ‘A new beginning’.”

The name ‘Novonesis’ is supplemented by a brand identity inspired by the world of microbiology.

Cees de Jong, Chairman of Novozymes, added: “We developed the name Novonesis in close collaboration and dialogue between Novozymes and Chr. Hansen. It has been crucial to find a name that can be a home to all our 10,000 employees, but even more importantly the name should represent the future potential of biosolutions. We believe we have found that name in Novonesis. A name that reflects our immense commitment to making biological solutions play an even bigger role in our planet’s future.”