Kongsberg Gruppen, the parent company of Kongsberg Maritime, has finalized its acquisition of Rolls-Royce Commercial Marine (RRCM) after receiving regulatory approval from the European Commission.
As an official part of the Kongsberg Maritime division, RRCM will operate under the Kongsberg brand and contribute its “innovative” propulsion and handling systems to the group’s overall portfolio of marine solutions.
Kongsberg, which agreed a deal to acquire RRCM in July 2018, is now able to support the operations of more than 30,000 vessels around the world with the combined expertise of both itself and the newly acquired organization.
Successful implementation of the acquisition of Rolls-Royce Commercial Marine! #performingtogether #onekongsberg pic.twitter.com/ODpXbX4gvh
— Kongsberg Gruppen (@kongsbergasa) April 1, 2019
In addition to this, the purchase of RRCM has increased the annual turnover of Kongsberg by over US$2.55 billion.
RRCM’s experience in the maritime sector, according to a statement, is also expected to strengthen Kongsberg’s leadership in the fields of digitalization, ship intelligence and enabling technologies for autonomous vessels.
Read a technical paper by Oskar Levander, Rolls-Royce, on smart ships and the future of maritime intelligence
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.”
Today I am extremly glad to welcome 3,600 highly skilled colleagues to @kongsbergmartime! Together we will work for a fast and smooth integration of people, cultures, costomers, products, solutions and innovative work! #performingtogether #onekongsberg pic.twitter.com/Qr8KaXei06
— Egil Haugsdal (@EgilHaugsdal) April 1, 2019
Egil Haugsdal, President of Kongsberg Maritime, added: “I am looking forward to welcoming 3,600 highly skilled new colleagues. Together we will work for a fast and smooth integration of people, cultures, products, solutions and innovative work.
“Through world-class technology, customer focus, the power to innovate and the willingness to change, we will deliver the results we have promised.”
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