HIGHLIGHTS
Quarters 1-4, 2006
Burgeoning activity in 2006
Offshore & Merchant Marine had a very good influx of new orders in 2006. Business was booming in the offshore market and the market for commercial vessels, including gas carriers. The backlog of orders has grown for eight consecutive quarters, reaching a record-high MNOK 3 054 at year end. All divisions improved their performance relative to 2005.
Q2 2006
Acquisition of Fantoft Process Technologies
Fantoft Process Technologies AS was acquired for MNOK 67 in June 2006. The company makes dynamic process simulators and real-time systems for oil and gas fields, LNG installations and transportation pipelines. The acquisition is compatible with Kongsberg Maritime's strategy for placing more focus on the oil and gas industry. Fantoft is headquartered in Sandvika near Oslo.
Q4 2006
Acquisition of Sense Intellifield
Kongsberg Maritime acquired 100 per cent of the technology enterprise Sense Intellifield AS for approx. MNOK 290 on a debt-free basis. Sense Intellifield delivers products and services in the field of integrated operations, or e-field, for the international oil and gas market. Combined with the acquisition of Fantoft Process Technologies and Kongsberg Maritime's own businesses in oil and gas, the acquisition of Sense Intellifield will reinforce Kongsberg Maritime's position in the international oil and gas industry.
Q1 2007
Integrated control systems for Gjøa
In January 2007, Kongsberg Maritime was awarded a contract valued at approx. MNOK 80 for Integrated Control Systems for safety and process automation on board a semi-submersible production platform that will be used on the Gjøa oil and gas field in the North Sea. The field and the platform will be developed by Statoil, although the contract was concluded with Aker Kværner Stord. Gaz de France Norway will be operator of the field.
Q1 2007
Breakthrough in the cruise market
In January 2007, the company signed a contract with Aker Yards Finland for substantial deliveries of automation equipment to the world's largest cruise ship. Designated a Genesis Class vessel, the ship is being built for Royal Caribbean International. The first vessel is scheduled for delivery in 2009. The vessel is 360 metres long and can carry 5 400 passengers.
