Norwegian technology group Kongsberg Gruppen announced on Monday it has completed its 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 Gruppen announced its intention to acquire Rolls-Royce’s marine business in July 2018 in a deal reportedly worth GBP 500 million at the time of the announcement. The acquisition was to include the marine products, systems and aftermarket services businesses of subsidiaries of Rolls-Royce Plc, but not its Bergen Engines or Rolls-Royce’s Naval Business subsidiaries.
Kongsberg says with the acquisition completed, Kongsberg is now represented in 40 countries, with 11,000 employees and an annual turnover of more than NOK 22 billion. In addition, Kongsberg now has equipment and deliveries associated with around 30,000 vessels worldwide.
“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,” says Geir Håøy, CEO of KONGSBERG.
“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,” said Bård Bjørløw, EVP Global Sales and Marketing, Kongsberg Maritime.
“As we continue to create new future-proof answers to today’s challenges, we’re confident that that integration possibilities of the next generation of The Full Picture will unlock new efficiencies and contribute to sustainability, ” adds Bjørløw.
“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,” adds President of Kongsberg Maritime Egil Haugsdal.