Kongsberg Maritime to acquire Berg Propulsion

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Norwegian company Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion, enhancing its portfolio of maritime propulsion and electrical systems. Financial details were not disclosed, but the acquisition supports Kongsberg's long-term growth strategy.

Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion. Berg Propulsion designs and manufactures integrated propulsion and electrical systems for the maritime industry. Kongsberg Maritime said the acquisition will strengthen its propulsion portfolio and support its long-term growth strategy. Financial terms were not disclosed. The company said the acquisition was priced at approximately […] The post Kongsberg Maritime to acquire Berg Propulsion appeared first on Container News.