Kongsberg Gruppen

M&A Activity • Apr 4, 2022

KONGSBERG wins €20m contract for integrated equipment packages for two offshore wind commissioning service operation vessels

KONGSBERG wins €20m contract for integrated equipment packages for two offshore wind commissioning service operation vessels

KONGSBERG is pleased to announce a contract for equipment packages valued at MEUR 20 for two commissioning service operation vessels for the Norway-based offshore wind service company Integrated Wind Solutions ASA (IWS) for delivery in H1 2024.

IWS already has two identical vessels on order for delivery in 2023, and option agreements for up to two additional vessels, making this a potential six-vessel series.

This fleet has been designed specifically for the renewable offshore wind market, with a clear focus on reduced emissions and enhanced sustainability. The vessels will be built by the shipyard China Merchant Heavy Industries (CMHI), with which KM has a long and close relationship.

“IWS’s determination to promote environmentally-friendly, safe and efficient offshore operations is entirely consistent with KONGSBERG’s mission to incorporate sustainability in everything we do,” concludes Egil Haugsdal, President, Kongsberg Maritime. “This fleet of important and highly innovative vessels will set a new benchmark for CSOVs, further reinforcing Kongsberg Maritime’s market position in the growing renewable energy segment.”

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 27.4bn in 2021.

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