Kongsberg to demerge and list shipping division
Kongsberg Gruppen ASA has announced plans to demerge and list Kongsberg Maritime on the Euronext Oslo Stock Exchange. Explaining its strategy, the company noted that security and sustainability are high on the international agenda and continue growth opportunities are expected. Focused and specialised businesses will be best placed to capitalise on these opportunities, it said.
The Group has tripled its operating revenues since 2016. By the end of September this year, it had 15,000 employees and a record order backlog. Headcount, revenue, and results are now fairly evenly distributed between the maritime and defence divisions. Both have now reached a size and financial standing that enables independent operation, the company said.
Therefore, Kongsberg Maritime will be listed as an independent maritime technology company. Meanwhile, Kongsberg Defence & Aerospace and Kongsberg Discovery will be consolidated into a single technology and defence company, known simply as Kongsberg.
Chairman of the Kongsberg Gruppen ASA board, Eivind Reiten, said: “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. Individually, the companies will gain better navigation opportunities and execution capabilities within their respective markets. Both companies will continue to have significant national strategic importance with headquarters in Norway.”
The spin-off of Kongsberg Maritime is expected to be completed during the second quarter of 2026. The new maritime company will be led by Lisa Edvardsen Haugan, president of Kongsberg Maritime.
