Kongsberg Gruppen acquired Rolls-Royce Commercial Marine for GBP500m.

Kongsberg Gruppen, an international technology group, acquired Rolls-Royce Commercial Marine, a world leading technology business within maritime operations, from Rolls-Royce, a British multinational engineering company, for GBP500m. “The acquisition of Rolls-Royce Commercial Marine makes us a more complete supplier to the maritime industry. The maritime industry is becoming increasingly globalized and is undergoing considerable technological and market driven changes. With this acquisition we will strengthening our strategic position with shipowners, shipyards and other customers and partners”, says Geir Håøy, CEO and President of Kongsberg.