Kongsberg to Spin Off Kongsberg Maritime
Helping maritime professionals make informed decisions, Lisa Edvardsen Haugan, president of Kongsberg Maritime, will lead the new stand-alone Kongsberg maritime business following the demerger.
The board of Norway’s Kongsberg Gruppen ASA proposed to demerge and list Kongsberg Maritime on the Euronext Oslo Stock Exchange, while consolidating Kongsberg Defence & Aerospace and Kongsberg Discovery into a single entity.
With security and sustainability high on the international agenda, the board assessed that focused and specialized businesses will be best suited to take advantage of the opportunities this presents.
"This will further strengthen competitiveness in our efforts to create value in a world where security and sustainability are expected to dominate in the coming decades,"
says Eivind Reiten, chair of the Kongsberg Gruppen board. Individually, the companies will gain better navigation opportunities and execution capabilities within their respective markets.
Author's summary: Kongsberg Gruppen ASA to demerge and list Kongsberg Maritime.