KONGSBERG MARITIME

KONGSBERG MARITIME Overview

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Founded: 1916

Workforce: ~6,900

Company Working: Kongsberg Maritime is a subsidiary of Kongsberg Gruppen—a global technology company providing systems and solutions to various sectors such as aerospace, defense, offshore oil & gas, and utilities. Kongsberg Maritime manufactures systems for positioning, surveying, and navigating offshore installations. As part of its marine navigation system, the company provides AUVs, radars, chart plotters, sonar systems, display systems, navigation sensors, and gyrocompasses, among others. Kongsberg Maritime has production, research and development, and personalization and data centers in Norway, Australia, the US, Germany, Canada, France, Sweden, Brazil, and the UK.

Strategy

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Company Snapshot

$1,772M

Revenue

6,900

Employees

1916

Founded

Kirkegardsveien, Kongsberg, Norway

Headquarters

SWOT Analysis

Strengths

Wide product offerings
Significant industry experience
Large customer base

Weaknesses

Poor supply chain management
Absence from developed regions such as North America
Decreasing investments in R&D
Lack of sound supply chain management
Lack of presence in developed regions such as North America

Opportunities

Development of innovative products
Focus on emerging markets
Venture in the development of innovative products
Development of innovative products and services

Threats

Slow certification process
High operational costs

Key Developments

Date	Approach	Development
December 2019	Agreement	Kongsberg Maritime signed an agreement with the Norwegian Society for Sea Rescue to develop sonar systems for search & rescue activities.
September 2019	Expansion	Kongsberg Maritime inaugurated its news office in Canada. With the development of the new office, the company aims at strengthening its position in the Canadian ocean technology market.
April 2019	Acquisition	Kongsberg Gruppen, the parent company of Kongsberg Maritime, acquired Rolls-Royce Commercial Marine (RRCM). The company will operate under the brand name KONGSBERG and will be a legal entity of Kongsberg Maritime. The acquisition enabled the company to strengthen position in the global maritime market.
March 2018	Contract	Kongsberg Maritime signed a contract with the Naval Oceanographic Office synthetic aperture sonar—HISAS.
March 2018	Product Launch	Kongsberg Maritime launched Flexview multibeam sonar at Oceanology International 2018. The launch of the product enabled the company to strengthen its sonar systems product portfolio.
February 2020	Agreement	Kongsberg Maritime signed an agreement with Huntington Ingalls Industries (HII), a vessel supplier to the US Navy, to sell its underwater technology company Hydroid, Inc. for USD 350 million. The agreement will enable Kongsberg Maritime to provide solutions to the US Navy.
August 2019	Contract	Hydroid, Inc., a subsidiary of Kongsberg Maritime, signed an indefinite-delivery/indefinite-quantity (ID/IQ) contract with the US Navy to provide unmanned underwater vehicle systems.
April 2019	Acquisition	Kongsberg Gruppen, the parent company of Kongsberg Maritime, acquired Rolls-Royce Commercial Marine (RRCM). The company will operate under the brand name KONGSBERG and will be a legal entity of Kongsberg Maritime. The acquisition enabled the company to strengthen its position in the global maritime market.
March 2016	Product Launch	Hydroid, Inc., a subsidiary of Kongsberg Maritime, launched the New Generation REMUS 100 AUV. It had advanced technology and capabilities such as advanced core electronics, a flexible navigation suite with an exclusive conformal Doppler Velocity Log (DVL), and an open architecture platform to increase autonomy and creativity during missions. It helped increase the global customer base.
September 2019	Expansion	Kongsberg inaugurated its news office in Canada. With this development, the company aims at strengthening its position in the Canadian ocean technology market.

Product Offering

KONGSBERG MARITIME
- Sonars for Marine Site Inspection
- Fish-Finding Sonars
- Scientific Sonar Systems
- Side-Scan Sonar - Pulsar
- SONAR Processing Software - MS1000
- Synthetic Aperture Sonar - HISAS
- Naval Sonar ASW and Mine Hunting
- Aftermarket Services
- K-Fleet Maintenance, Planned Maintenance System

Financial Performance

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