Kongsberg Gruppen

Business and Financial Review • Jan 9, 2025

KONGSBERG IMPLEMENTS STRUCTURAL CHANGE: RELOCATING MARITIME OPERATIONS TO KONGSBERG MARITIME FROM KONGSBERG DIGITAL

KONGSBERG IMPLEMENTS STRUCTURAL CHANGE: RELOCATING MARITIME OPERATIONS TO KONGSBERG MARITIME FROM KONGSBERG DIGITAL

To further align our portfolio with future customer needs and technological advancements in the maritime industry, the maritime focused business, currently in Kongsberg Digital (KDI) will be integrated into Kongsberg Maritime (KM).

“The maritime industry is undergoing a significant transition towards renewable fuels and improved operational energy utilization. Decarbonization and digitalization are key to this. KONGSBERG, through both KDI and KM, has made substantial investments to support our customers and partners in this transition. By consolidating our digital maritime initiatives within KMs integrated portfolio of solutions we are optimizing our approach to this transition and reaffirming our goal of being a frontrunner in the decarbonization and digitalization of the maritime industry,” says Geir Håøy, President and CEO in KONGSBERG.

The business to be transferred represented revenues of approx. MNOK 600 in 2023. The transfer involves approximately 500 employees located in 14 countries. These employees will be transferred from Kongsberg Digital to Kongsberg Maritime upon completion of the transaction.

Market focused approach

“By transferring maritime operations to KM, KDI will use the proceeds to focus relentlessly on advancing our digital twin, energy simulations, SiteCom, and our subsidiary FutureOn. In all these areas, we have built a solid customer base and a leading market position. Going forward we will in particular focus on developing our industrial work surface solutions further supporting multiple pf industries. This strategic move is encouraged and supported by the KDI Board of Directors," says Thomas Borgen, Chairman of Kongsberg Digital.

“The combined digital capabilities of KM and KDI, along with KM’s broader offerings, have positioned KONGSBERG as a frontrunner in the maritime transition. By implementing this change, we are placing a cleaner market focused approach at both KDI and KM’s operations,” concludes Håøy.