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Home > Finance > Norway's Kongsberg Gruppen to spin off Maritime business in IPO

Finance

Norway's Kongsberg Gruppen to spin off Maritime business in IPO

Published by Global Banking and Finance Review

Posted on October 30, 2025

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OSLO (Reuters) -Norwegian defence contractor Kongsberg Gruppen said on Thursday it plans to spin off its non-military business Kongsberg Maritime in an initial public offering on the Oslo Bourse.

The spin-off will create two focused and independent companies, each positioned to seize global growth opportunities within their respective markets, Kongsberg Gruppen said in a statement.

It said it expects the demerger and separate listing of Kongsberg Maritime to take place in April of 2026.

(Reporting by Terje Solsvik, editing by Anna Ringstrom)

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