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Kongsberg buys Rolls-Royce marine business in £500m deal

(l-r) Tristan Halford-Maw, deputy director, M&A Rolls-Royce, with Kongsberg CEO Geir Håøy (l-r) Tristan Halford-Maw, deputy director, M&A Rolls-Royce, with Kongsberg CEO Geir Håøy

Kongsberg has agreed a £500 million deal to acquire Rolls-Royce Commercial Marine, buying the marine products, systems and aftermarket services operations put up for sale by Rolls-Royce after the UK company conducted a strategic review of its business at the beginning of the year and decided to narrow its focus to concentrate on the aerospace, defence and power systems markets.

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