KONGSBERG will hold a press conference today, 30 October 2025 at 09:30 (CET), in Oslo, Norway, as further described under “Press Conference / live stream” below. Questions related to the proposed demerger will be addressed during the press conference.
Security and sustainability are high on the international agenda. KONGSBERG is exposed to these megatrends, which have contributed to strong growth over the past decade. These trends are expected to continue offering significant growth opportunities. To position KONGSBERG for these substantial opportunities, the Board has assessed that focused and specialized businesses will be best suited. As a result, it is proposed that Kongsberg Maritime be listed as an independent maritime technology company. Furthermore, Kongsberg Defence & Aerospace and Kongsberg Discovery will be consolidated into a single technology- and defence-focused KONGSBERG.
“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,” says Eivind Reiten, Chair of the Board of KONGSBERG Gruppen ASA.
KONGSBERG has tripled its operating revenues since 2016, and at the end of the third quarter of 2025, the Group had 15,000 employees and a historically high order backlog. The number of employees, revenue, and results are now relatively evenly distributed between the two companies. Both have reached a size and financial robustness that enables them to operate independently.
“The units operate in different international markets that are undergoing change. This places different demands on business models. Kongsberg Maritime holds a leading technology position and offers products and integrated solutions across a wide range of segments—from offshore vessels to the merchant fleet and naval segment. The consolidated technology- and defence-company KONGSBERG addresses critical needs in defence, security, and surveillance, delivering solutions for both civilian and defence applications,” says Geir Håøy, President and CEO of Kongsberg Gruppen ASA.
Both companies will leverage the high pace of innovation in their respective markets.
Recent years have been marked by increased geopolitical tensions and trade wars. This affects the two business areas differently and highlights the importance of enabling each to position itself optimally. The synergies between the businesses have been reduced over time. The companies will continue to collaborate where it provides commercial advantages.
Stock exchange listing
The planned spin-off of Kongsberg Maritime will be structured as a demerger combined with a separate stock exchange listing. Shares in the new parent company for Kongsberg Maritime (“MAR”) will be issued directly to KONGSBERG’s shareholders at the time of the demerger, without raising new capital or selling existing shares. Upon listing, the shareholder structure in MAR will mirror that of KONGSBERG, with each shareholder receiving one (1) MAR share for each KONGSBERG share held. The Norwegian state, through the Ministry of Trade, Industry and Fisheries, has expressed support for the Board’s proposal. The state’s ownership will not change as a result of the demerger. The demerger is expected to be completed, and trading in MAR shares to commence, during Q2 2026.
The new maritime business will be led by Lisa Edvardsen Haugan, President of Kongsberg Maritime. Mette Toft Bjørgen, currently Chief Financial Officer (CFO) in KONGSBERG will take the position as CFO in the new maritime business. Eirik Lie, President of Kongsberg Defence & Aerospace, will become the new President and CEO of KONGSBERG and a recruitment process is initiated for the new CFO. The changes will be effective from the completion of the demerger. A new Board of Directors for MAR will be elected and effective from the time of listing.
Indicative Timeline
The demerger and listing of MAR shares are planned according to the following indicative timeline:
- Publication of demerger plan: December 2025
- Extraordinary General Meeting in KONGSBERG to approve the demerger plan: January 2026
- Listing and completion of the demerger: April 2026
Further information and communication regarding the transaction will follow the timeline above.
Press Conference / Live stream
KONGSBERG will hold a press conference today, 30 October 2025, at 09:30 (CET) in the auditorium at Tjuvholmen allé 1, Oslo, Norway. Chair of the Board Eivind Reiten, President and CEO Geir Håøy, and CFO Mette Toft Bjørgen will present and be available for questions and comments.
The conference will be held in Norwegian with English translation and is available via webcast at www.kongsberg.com. There will also be an opportunity to ask questions via the webcast.
A recording of the conference will be made available at www.kongsberg.com
Advisors
Arctic Securities AS is acting as financial advisor and Advokatfirmaet Thommessen AS as legal advisor to Kongsberg Gruppen ASA.
Contact Information
For investors/analysts:
Jan Erik Hoff, Group Vice President Investor Relations & Sustainability, Kongsberg Gruppen ASA Phone: +47 991 11 916 Email: jan.erik.hoff@kog.kongsberg.com
For media and press:
Ronny Lie, Group Vice President and Chief Communication Officer, Kongsberg Gruppen ASA Phone: +47 916 10 798 Email: ronny.lie@kog.kongsberg.com
Important Information
This announcement contains inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to disclosure requirements under the Norwegian Securities Trading Act § 5-12. The information was submitted for publication by Renate Tegdal, Investor Relations, on behalf of Kongsberg Gruppen ASA on 30 October 2025 at 07:00 CET.