Kongsberg Maritime to Acquire Berg Propulsion

Deal Expands Kongsberg’s Propulsion Portfolio

Kongsberg Maritime has signed an agreement to acquire Berg Propulsion, a Swedish manufacturer of marine propulsion and electrical systems, according to a report by Smart Maritime Network. The financial terms were not disclosed, though Kongsberg Maritime said the transaction is priced at an enterprise value to EBITDA multiple consistent with its current market valuation. The deal is still subject to standard regulatory approvals.

Berg Propulsion designs and manufactures integrated propulsion systems for vessels across multiple segments. Once the acquisition closes, Berg Propulsion will continue operating as a standalone business unit and separate brand within Kongsberg Maritime’s Propulsion & Handling division, a structure intended to preserve the acquired company’s existing culture and operational flexibility.

Leadership Comments on Strategic Fit

Lisa Edvardsen Haugan, CEO of Kongsberg Maritime, described the acquisition as central to the company’s growth plan, saying it strengthens the group’s ability to serve a wider range of customers and vessel types. She added that Berg Propulsion complements Kongsberg’s existing portfolio and that the combined business will offer a broader product range, stronger lifecycle support, and shared technical expertise.

Philip Chaabane, CEO of Berg Propulsion, said the two businesses complement each other and that the combination creates new opportunities for customers and employees alike. He noted that Berg Propulsion will contribute its own strengths while gaining access to Kongsberg Maritime’s global scale and aftermarket capabilities.

Installed Base and Financial Scale

A key element of the deal is the expansion of lifecycle and service support. Berg Propulsion’s installed base of approximately 4,000 vessels is expected to gain access to Kongsberg Maritime’s broader global service network, a synergy both companies pointed to as a driver of the acquisition.

On financial scale, Berg Propulsion generated revenues of approximately €160 million in 2025. Kongsberg Maritime, by comparison, recorded revenues of NOK 27,123 million—roughly US$2.8 billion—over the same period, underlining the relative size difference between the two companies as the integration moves forward pending regulatory clearance.

Apeks view — For fleets running Berg Propulsion equipment, the practical question isn’t the deal’s valuation multiple but continuity: will parts, spares, and service response times hold steady as the unit folds into a larger organization? Kongsberg’s stated intent to keep Berg as a standalone brand is a reasonable signal, but owners and technical managers should track it through actual lifecycle support performance—response times, spares availability, documentation consistency—rather than integration announcements alone. Consolidation among propulsion suppliers is a trend worth watching operationally, not just financially.