Kongsberg proposes split, maritime unit IPO on Oslo exchange

Kongsberg Gruppen ASA announced plans to establish two independent companies, aiming to capitalize on global growth in security and sustainability. The company proposes to spin off Kongsberg Maritime via an IPO on Euronext Oslo Børs.

Kongsberg Defence & Aerospace and Kongsberg Discovery will consolidate into a single technology and defense-focused entity. The board believes this will enhance competitiveness and value creation.

The company, which has tripled operating revenues since 2016, stated that both new entities are equally sized and solid enough to operate independently. The restructuring involves a demerger of Kongsberg Maritime, with shares in the new maritime company distributed directly to existing Kongsberg Gruppen shareholders. State ownership will remain unchanged.

The demerger and IPO of maritime shares are expected to be completed in Q2 2026, with an extraordinary general meeting in January 2026 to approve the demerger plan. Lisa Edvardsen Haugan will lead the new maritime business, and Eirik Lie will become chief executive of the consolidated KONGSBERG.