Kongsberg Maritime acquires Berg Propulsion

AI Summary

Kongsberg Maritime announced the acquisition of Swedish propulsion company Berg Propulsion to expand its commercial vessel range and aftermarket business. The financial terms have not been disclosed and the deal is subject to usual regulatory approvals.

Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion in a deal designed to broaden its reach across commercial vessel segments and deepen its aftermarket business. Financial terms were not disclosed. Kongsberg said the transaction is priced at approximately the same EV/EBITDA level as its own current market valuation and remains subject to …