Kongsberg announced a proposal to restructure its operations into two independent entities, aiming to sharpen focus on maritime and defence technologies. The plan includes listing Kongsberg Maritime as a standalone company on the Euronext Oslo Stock Exchange and merging Kongsberg Defence & Aerospace with Kongsberg Discovery into a single defence- and technology-focused organization.
According to the company, the move reflects ongoing global shifts in security and sustainability priorities. Chair of the Board Eivind Reiten stated, “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. Individually, the companies will gain better navigation opportunities and execution capabilities within their respective markets. Both companies will continue to have significant national strategic importance with headquarters in Norway.”
Kongsberg has tripled its operating revenues since 2016 and currently employs 15,000 people worldwide. The Board noted that both the maritime and defence segments have reached sufficient size and financial strength to operate independently.
President and CEO Geir Håøy said, “The units operate in different international markets that are undergoing change. This places different demands on business models. Kongsberg Maritime holds a leading technology position and offers products and integrated solutions across a wide range of segments—from offshore vessels to the merchant fleet and naval segment. The consolidated technology- and defence-company KONGSBERG addresses critical needs in defence, security, and surveillance, delivering solutions for both civilian and defence applications.”
Both companies are expected to maintain collaboration in areas that provide commercial advantages, though the group noted that operational synergies have diminished over time.
The demerger will be executed through a direct share distribution, with current shareholders receiving one Kongsberg Maritime (“MAR”) share for each Kongsberg Gruppen share held. No new capital will be raised. The Norwegian Ministry of Trade, Industry and Fisheries has expressed its support for the proposal, confirming that the state’s ownership stake will remain unchanged.
The listing of MAR shares is planned for the second quarter of 2026, following publication of the demerger plan in December 2025 and approval by an Extraordinary General Meeting in January 2026.
Lisa Edvardsen Haugan, currently President of Kongsberg Maritime, will continue to lead the new company, while Mette Toft Bjørgen will serve as its CFO. Eirik Lie, President of Kongsberg Defence & Aerospace, will become the new CEO of Kongsberg Gruppen after the split.
📌 Kongsberg announced a proposal to restructure its operations into two independent entities, aiming to sharpen focus on maritime and defense technologies. 📌 The plan includes listing Kongsberg Maritime as a standalone company on the Euronext Oslo Stock Exchange and merging… pic.twitter.com/Pxvh4GWPA6
— Defensehere (@defensehere_en) October 31, 2025
