Rolls-Royce sells commercial marine business for £500m
Rolls-Royce is set to sell its Commercial Marine business, to Kongsberg, in a deal worth around £500m
Kongsberg, headquartered in Kongsberg, Norway, provides high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace sectors. It is in more than 25 countries with approximately 7,000 employees and has a turnover of NOK 14.5bn (2017).
The move follows a strategic review by Rolls-Royce of its Commercial Marine operations announced in January 2018.
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