After obtaining the European Commission’s approval, Kongsberg Maritime, with parent company Kongsberg Gruppen has completed the acquisition of Rolls-Royce Commercial Marine (RRCM), on April 1. Officially now part of Kongsberg Maritime, RRCM will operate under the Kongsberg brand and the Kongsberg Maritime legal entity.
Rolls-Royce signed an agreement to sell its Commercial Marine business, to Kongsberg, for £500m and net proceeds of around £350m to £400m. The sale includes propulsion, deck machinery, automation and control, a service network spanning more than 30 countries and ship design capability. Rolls-Royce’s Ship Intelligence activities, including remote and autonomous operation of commercial vessels, are also included.
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