Rolls-Royce sale to Kongsberg completed
Following European Commission approval, Kongsberg Maritime parent company Kongsberg Gruppen (KONGSBERG) 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 announced its intention to acquire RRCM, a global supplier of maritime technology and engineering products, 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 NOK 22 billion. A fleet of more than 30,000 vessels depends on the organisation’s combined expertise.
“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.
With RRCM, Kongsberg Maritime expands its global presence in operational technology including automation, navigation and control systems. RRCM’s expertise also strengthens KONGSBERG’s leadership in maritime digitalisation, ship intelligence and enabling technologies for autonomous vessels.
“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 the integration possibilities of the next generation of The Full Picture will unlock new efficiencies and contribute to sustainability.”
The transfer of business from Rolls-Royce does not include the engine and power section which continues under Rolls-Royce control and branding.