Kongsberg Gruppen

Regulatory Filings • May 2, 2023

KONGSBERG DIGITAL BECOME THE MAJORITY OWNER OF THE SOFTWARE-AS-A-SERVICE COMPANY FUTUREON

KONGSBERG DIGITAL BECOME THE MAJORITY OWNER OF THE SOFTWARE-AS-A-SERVICE COMPANY FUTUREON

Kongsberg Digital, a business area in KONGSBERG, has increased its ownership in FutureOn, a Norwegian software company. FutureOn provides cloud-based digital transformation tools and is a frontrunner in subsea life-of-field and the project planning phase of an energy asset. Following the investment, Kongsberg Digital will hold the majority stake of FutureOn, with Bentley Systems (NASDAQ: BSY) and FutureOn's management as other key owners. This will strengthen Kongsberg Digital's position as a leading industrial Software as a Service company across heavy-asset industries ensuring an end-to-end value proposition from planning to decommissioning.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, navy and defence and aerospace industries. Kongsberg has more than 12,000 employees in 39 countries and had total revenues of NOK 31.8bn in 2022.

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