Kongsberg to Spin Off Kongsberg Maritime
Kongsberg Gruppen ASA's board has proposed to demerge and list Kongsberg Maritime on the Euronext Oslo Stock Exchange.
Lisa Edvardsen Haugan, president of Kongsberg Maritime, will lead the new stand-alone Kongsberg maritime business following the demerger.
"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. The board believes that focused and specialized businesses will be best suited to take advantage of the opportunities presented by the high priority of security and sustainability on the international agenda.
The demerger will also involve consolidating Kongsberg Defence & Aerospace and Kongsberg Discovery into a single entity.
Author's summary: Kongsberg Gruppen ASA demerges Kongsberg Maritime.
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