Sale of KONGSBERG steering gear and rudder business to Norvestor (NO) – Amount not disclosed

Carnegie acted as financial adviser to KONGSBERG in the carve-out and sale of its steering gear and rudder business to Norvestor. Based in the maritime cluster in Norway, the carved-out company will be established to continue to deliver reliability in maneuvering solutions to the global maritime industry as well as ensuring safe and efficient lifecycle operation through a first-class service, aftermarket and spare-part organization.

KONGSBERG is an international, knowledge-based group that supplies high-technology systems and solutions to customers in a wide range of markets such as defence, security, maritime, energy, aerospace, climate mapping and subsea technology.