Having received approval from the European Commission, Norway’s Kongsberg now completed the acquisition of Rolls-Royce Commercial Marine.
The $662m deal, which was first announced in July 2018, will now see Kongsberg represented by over 11,000 employees in 40 countries, with an annual turnover of more than NOK22bn ($2.56bn).
Geir Håøy, CEO of Kongsberg, commented: “I have looked forward to this day for a long time. Together we are now well positioned in the market and our ambition is to lead the development of the future maritime industry globally in close cooperation with customers and partners. We shall be the ocean space expert. We have spent a long-time planning and preparing, now the work of ensuring a successful integration begins.”
Kongsberg says the deal, which does not include Bergen Engines or Rolls-Royce’s naval business, will strengthen the company’s leadership in maritime digitalisation, ship intelligence and enabling technologies for autonomous vessels.
— Kongsberg Gruppen (@kongsbergasa) April 1, 2019
I have looked forward to this day for a long time! Together we are now well positioned in the market, and our ambition is to lead the development of the future maritime industry globally. #performingtogether #onekongsberg pic.twitter.com/Z4FZIxJ5ab
— Geir Håøy (@Geir_Haoy) April 1, 2019