Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion. Berg Propulsion designs and manufactures integrated propulsion and electrical systems for the maritime industry. Kongsberg Maritime said the acquisition will strengthen its propulsion portfolio and support its long-term growth strategy. Financial terms were not disclosed. The company said the acquisition was priced at approximately the same EV/EBITDA multiple as Kongsberg Maritime’s current valuation. Berg Propulsion has recorded strong growth in recent years. It has also established a profitable position in the marine propulsion market. “This acquisition is central in our growth plan and strengthens our ability to serve a broader range of customers and vessel segments,” said Lisa Edvardsen Haugan, Chief Executive Officer of Kongsberg Maritime. “Berg Propulsion complements our portfolio in a highly attractive way. Together we will deliver greater value through a wider offering, stronger lifecycle support and shared expertise.” Kongsberg Maritime said the two companies have complementary market positions. Kongsberg Maritime has a strong presence in high-value and performance-driven vessel segments. Berg Propulsion has built a leading position in volume markets, including general cargo vessels and product tankers. “Joining forces with Kongsberg Maritime is an exciting opportunity for Berg Propulsion,” said Philip Chaabane, Chief Executive Officer of Berg Propulsion. “Our businesses complement each other well. Together we can create new opportunities for our customers and employees.” Following completion, Berg Propulsion will continue to operate as a separate brand. The company will become a standalone business unit within Kongsberg Maritime’s Propulsion & Handling division. Kongsberg Maritime said this structure will preserve Berg Propulsion’s customer focus, agility and corporate culture. The combined portfolio