Image Credits: Berg Propulsion Kongsberg Maritime ASA (OSE: KMAR) announced an agreement to acquire the Swedish company Berg Propulsion AB. The company is a leading designer and manufacturer of integrated propulsion and electrical systems for the maritime market. The acquisition represents a strategic step to strengthen Kongsberg Maritime’s propulsion portfolio. Berg Propulsion is a well-established player delivering complete propulsion solutions. The company has demonstrated strong growth and a profitable market position in recent years. Financial details of the transaction are undisclosed, but the acquisition is priced at approximately the same EV/EBITDA level as the current pricing of Kongsberg Maritime ASA. “This acquisition is central in our growth plan and strengthens our ability to serve a broader range of customers and vessel segments. Berg Propulsion complements our portfolio in a highly attractive way, and together we will deliver greater value through a wider offering, stronger lifecycle support, and shared expertise”, says Lisa Edvardsen Haugan, CEO of Kongsberg Maritime. Complementary The combination of Kongsberg Maritime and Berg Propulsion brings together two highly complementary businesses. While KM has a strong position in high-value, performance-driven segments, Berg Propulsion has built a leading presence in volume segments such as general cargo and product tankers. “Joining forces with Kongsberg Maritime is an exciting opportunity for Berg Propulsion. Our businesses complement each other well, and together we can create new opportunities for our customers and employees. We look forward to contributing our strengths while also benefiting from Kongsberg Maritime’s global scale and aftermarket capabilities”, says Philip Chaabane, CEO of Berg Propulsion. At the same time, Kongsberg Maritime will further strengthen its position as a global lifecycle partner for propulsion solutions. Preserving agility and culture Following completion