Kongsberg completes £500m Rolls-Royce Commercial Marine acquisition

International | Latest News | Manufacturing | Mergers & Acquisitions | South East | Transport & Distribution

Following European Commission approval, Kongsberg Maritime parent company Kongsberg Gruppen has today completed the acquisition of Rolls-Royce Commercial Marine (RRCM). Officially part of Kongsberg Maritime, RRCM will operate under the Kongsberg brand and the Kongsberg Maritime legal entity.

Kongsberg initially announced its intention to acquire RRCM in July 2018.

With the unification of Kongsberg Maritime and RRCM, Kongsberg is represented in 40 countries, has more than 11,000 employees and an annual turnover of more than £1.96bn. A fleet of more than 30,000 vessels depends on the organisation’s combined expertise.

Geir Håøy, CEO of Kongsberg said: “I have looked forward to this day for a long time. Together we are now well positioned in the market and our ambition is to lead the development of the future maritime industry globally in close cooperation with customers and partners. We shall be the ocean space expert. We have spent a long-time planning and preparing, now the work of ensuring a successful integration begins.”

Bård Bjørløw, EVP Global Sales and Marketing, Kongsberg Maritime added: “Our goal is to further develop our track record of innovation and dedication in helping our customers meet the evolving challenges of the maritime industry, be it through cutting-edge autonomy and digital solutions or highly reliable power and propulsion systems.

“As we continue to create new future-proof answers to today’s challenges, we’re confident that the integration possibilities of the next generation of The Full Picture will unlock new efficiencies and contribute to sustainability.”

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  1. More disappointing news of a another division of a great British name going into foreign ownership.

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