The 6th of July 2018, Kongsberg Gruppen ASA entered into agreement with Rolls-Royce plc to acquire Rolls-Royce Commercial Marine, a world leading technology business within maritime operations.
The transaction is structured as an acquisition by Kongsberg of the marine products, systems and aftermarket services businesses carried out by subsidiaries of Rolls-Royce plc. The transaction does not include Bergen Engines nor Rolls-Royce's Naval Business.
– The maritime industry has over the last years experienced demanding market conditions and even though there is still uncertainty we expect the market to be facing growth with technology and innovation being key drivers. For more than 200 years Kongsberg has been a pioneer for high technology industrial development with a long term perspective. The acquisition of Rolls-Royce Commercial Marine is in line with our growth ambitions”, says Eivind Reiten, Chair of the Board of Kongsberg.
Both Kongsberg Maritime Subsea and Rolls-Royce are part of the SFI Manufacturing consortium.
Read more about the acquisition here (press release)
The transaction is structured as an acquisition by Kongsberg of the marine products, systems and aftermarket services businesses carried out by subsidiaries of Rolls-Royce plc. The transaction does not include Bergen Engines nor Rolls-Royce's Naval Business.
– The maritime industry has over the last years experienced demanding market conditions and even though there is still uncertainty we expect the market to be facing growth with technology and innovation being key drivers. For more than 200 years Kongsberg has been a pioneer for high technology industrial development with a long term perspective. The acquisition of Rolls-Royce Commercial Marine is in line with our growth ambitions”, says Eivind Reiten, Chair of the Board of Kongsberg.
Both Kongsberg Maritime Subsea and Rolls-Royce are part of the SFI Manufacturing consortium.
Read more about the acquisition here (press release)
Geir Håøy, CEO of Kongsberg, and Tristan Halford-Maw, Deputy Director M&A Rolls-Royce. Foto: Kongsberg
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