Kongsberg Gruppen ASA ADR (KBGGY)

Overview

Kongsberg Gruppen ASA is a global provider of high-tech systems and solutions with a primary focus on the maritime and defense markets. The company operates through three main segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. It serves a diverse range of customers by offering advanced technological solutions across Norway, Europe, North America, South America, Asia, Australia, and South Africa. Founded in 1814, Kongsberg Gruppen ASA has its headquarters in Kongsberg, Norway, demonstrating a long-standing history of innovation and service in the technology and defense industries.

Products and Services

• Kongsberg Maritime:

  This segment delivers a wide array of solutions and systems for maritime vessels and operations. Offerings include dynamic positioning, propulsion control, navigation, and bridge and control systems, alongside automation systems for enhanced operational efficiency. Energy solutions, ship design services, propellers, thrusters, water jet systems, and systems for offshore manoeuvring are also provided. Kongsberg Maritime extends its expertise to mooring and anchor handling winches, special systems for various classes of vessels, cranes, hydroacoustics, autonomous underwater vehicles, and solutions for autonomous maritime operations. Additionally, it caters to fisheries, underwater mapping, sensors, and solutions for specialist vessels.

• Kongsberg Defence & Aerospace:

  A forefront provider to the defense industry, this segment encompasses air defense and combat systems, marine vessel and submarine sonars, and navigation systems. It also specializes in integrated command and control systems, remote tower solutions for airports, and remote control weapon stations for land and marine applications. Other offerings include military tactical communication tools, naval strike missiles, air-to-surface missiles, and lightweight composite and titanium components for F-35 combat aircraft. Beyond these, it contributes components and services to the space industry, port monitoring systems, and maintenance, repair, and overhaul services, showcasing its diverse defense and aerospace capabilities.

• Other segment:

  Focused on digitalization, this segment targets the oil and gas, wind energy, and merchant marine markets. Although not as extensively detailed as the previous segments, it plays a pivotal role in Kongsberg's approach to innovative and sustainable solutions in evolving markets.