Kongsberg Gruppen(KONGSBERG) is a frontrunner in shaping the maritime future by developing new opportunities throughout the ocean space. To continue this journey, KONGSBERG has started the process of establishing Sensors & Robotics as a new business area. The area has until now been a division under Kongsberg Maritime. Kongsberg Maritime and Sensors & Robotics will be managed as two separate business areas from 1st of January 2023. KONGSBERG will provide restated historical financial figures for the two business areas when the businesses are successfully separated, and prior to first external reporting of Sensors & Robotics - during 2023. "The market development and trends we see accelerating, both for Kongsberg Maritime and Sensors & Robotic, require tight approach and focus. Establishing a new business area, and at the same time focusing Kongsberg Maritime, will make us even more agile and unique, and strengthen our business as whole," says CEO in KONGSBERG Geir Håøy. The new business area aims to grow through intensified development of advanced underwater sensor technology and solutions within underwater acoustics, sonars, marine and vessel robotics, and positioning systems. "The world is currently experiencing several challenges related to climate, energy, food supply, and security. It is KONGSBERGs commitment to utilize our knowledge and technologies to develop sustainable innovations directed towards solutions and concepts solving," says CEO in KONGSBERG Geir Håøy. Accelerating growth in underwater technology In recent years, Sensors & Robotics has experienced strong growth delivering advanced ocean sensor technology and solutions to both commercial customers and governments world-wide. The technology is among others utilised in markets such as research, naval, fishery and offshore energy. The area's core technologies include underwater acoustics, fish finding technology, marine and vessel robotics, and positioning systems for safe navigation and operations. "KONGSBERG is continuously looking for new opportunities to grow its business. By establishing Sensors & Robotics as a new business area in KONGSBERG, we aim to accelerate growth in markets for underwater technologies through more focused investments in research and development as well as other growth initiatives. It is KONGSBERG's firm belief that this organizational decision will enable a positive development for both KM and Sensor & Robotics going forward," says Håøy. Strengthened core focus for Kongsberg Maritime Kongsberg Maritime is KONGSBERG's largest business area with more than 7,000 employees across 32 countries. With Sensors & Robotics as a separate business area it is KONGSBERG's ambition to further strengthen the core areas of Kongsberg Maritime. "From a KM perspective, the size and diversity of its portfolio has increased significantly the last few years. Going forward the key focus is to secure and further grow the position as the leading maritime system integrator. The maritime industry is in the midst of a transformation, perhaps one of the largest shifts at sea in the history. Going forward KM will continue to be a technology partner and to further strengthen its portfolio and investments to enable even smarter, greener, safer, and more efficient operations at sea," says KM President, Lisa Edvardsen Haugan. KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, navy and defence and aerospace industries. KONGSBERG has more than 12,000 employees in 40 countries and a total revenue of NOK 27.5bnin 2021. Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn.
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