“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,” said Eivind Reiten, Chair of the Board of Kongsberg Gruppen ASA. “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.”
The group has grown significantly in recent years, tripling its operating revenues since 2016 and reaching 15,000 employees by the third quarter of 2025. The revenue and performance are now balanced between the two businesses, both of which are seen as financially strong enough to operate independently.
Geir Håøy, President and CEO of Kongsberg Gruppen ASA, 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.”
The spin-off of Kongsberg Maritime will be structured as a demerger, with shares in the new company (“MAR”) issued directly to Kongsberg’s shareholders, maintaining the same ownership structure. The Norwegian government, through the Ministry of Trade, Industry and Fisheries, supports the proposal, and its ownership stake will remain unchanged after the demerger.
Lisa Edvardsen Haugan, currently President of Kongsberg Maritime, will lead the new maritime business, with Mette Toft Bjørgen taking on the role of CFO. Eirik Lie, President of Kongsberg Defence & Aerospace, will become President and CEO of the restructured KONGSBERG, with a new CFO to be recruited.
The demerger plan is expected to be published in December 2025, with an Extraordinary General Meeting in January 2026 and the listing and completion of the demerger scheduled for April 2026.
