HIGHLIGHTS

Burgeoning activity in 2007

Kongsberg Maritime had a strong influx of new orders in 2007. Activities were booming in the market for merchant vessels and the offshore industry. New orders have been strong, especially for offshore supply vessels. Kongsberg Maritime has also strengthened its position in floating production. The backlog of orders was MNOK 5 333 at year end. All divisions showed stronger performance in 2007.

Advanced subsea systems to India

In April, Kongsberg Maritime concluded a contract with the shipyard Alcock Ashdown Ltd. in Gujarat, India, to supply advanced subsea systems worth approx. MNOK 350. The equipment will be installed on six new surveying vessels that India's National Hydrographic Office has ordered from the shipyard. The core of the order is made up by autonomous underwater vehicles (Hugin 1000). The order also includes subsea positioning equipment, multibeam echosounders and underwater cameras.

Acquisition of Sense Intellifield concluded

Kongsberg Maritime has strengthened its focus on the oil and gas market, among other things, through the acquisition of Sense Intellifield AS. Now called Kongsberg Intellifield, the company was acquired for approx. MNOK 266 on a debt-free basis. It delivers systems and solutions for real-time remote operation of drilling operations and production optimisation in the petroleum industry, an important target area in future.

653 new employees in 2007

The high level of activity at Kongsberg Maritime, along with the acquisition of Sense Intellifield, called for the business area to hire a total of 653 new employees in 2007. 192 of that number were hired abroad. This robust recruitment programme has fortified the aggregate competence in Norway and abroad. Besides new, broader expertise, Kongsberg Maritime has maintained and further developed existing competency. There is a good point of departure for a further positive trend.

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Kongsberg Gruppen ASA
+47 32 28 82 00
+47 32 28 82 01
office@kongsberg.com
P.O. box1000
NO-3601 Kongsberg
Kirkegårdsveien 45