Kongsberg Gruppen (Kongsberg) has announced a plan to separate its operations into two standalone companies, with each focusing on distinct market opportunities.
Under the proposal, Kongsberg Maritime will be spun off and listed as an independent entity on the Euronext Oslo Stock Exchange.
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At the same time, Kongsberg Defence & Aerospace and Kongsberg Discovery will be combined to form a single company. They will operate under the Kongsberg name, concentrating on technology and defence.
The decision by Kongsberg’s board follows an assessment of global trends related to security and sustainability, which have been identified as significant factors in the company’s growth in recent years.
Since 2016 Kongsberg has tripled its operating revenues. By the end of Q3 2025 the group employed 15,000 people and held a record-high order backlog.
Employee numbers, revenue, and performance are now approximately balanced between the two new entities, Kongsberg said, with each having attained a scale and financial strength sufficient to “operate independently”.
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By GlobalDataKongsberg board chair Eivind Reiten said: “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.”
The spin-off for Kongsberg Maritime is planned as a demerger, with shares in its new parent company, MAR, distributed directly to current shareholders of Kongsberg on a one-to-one basis.
The company does not intend to raise new capital or sell any existing shares as part of this transaction.
Following completion, MAR’s shareholder structure is set to mirror that of Kongsberg prior to the split.
The Norwegian State, through the Ministry of Trade, Industry and Fisheries, has confirmed its support for this restructuring plan. Proportion of the state’s ownership is expected to remain unchanged after the demerger.
The anticipated timeline foresees publication of the demerger plan in December 2025 followed by an extraordinary general meeting in January 2026 for approval.
Completion of the demerger and listing of MAR is scheduled in April 2026.
In August 2025, Kongsberg Defence & Aerospace secured a contract potentially worth up to $330m from the US Marine Corps (USMC) for the production of 30mm remote turrets for the Amphibious Combat Vehicle 30mm (ACV-30) programme.
