Marine link
 

Marine Electronics Merger Introduces New Player

ongsberg Norcontrol in a move to expand i£s presence in the marine electronics market. The new company, Kongsberg Maritime, combines more than $300 million in annual revenues from Simrad and Kongsberg and will account for more than half of all of Kongsberg's businesses, which include defense and aerospace products.

To best accommodate the maritime market, Kongsberg Maritime has been organized into four main operating divisions geared to serve specific markets. The new departments are: Kongsberg Norcontrol for the merchant marine; Kongsberg Norcontrol Systems for marine training and traffic management; Kongsberg Simrad for offshore and ocean science study; and Simrad for yachting and fisheries. The company also seeks to develop an extensive international network by employing 600 of its 1,600 workers in 20 different countries. "Each of the companies was already in a world-class league in its own niche," said Kongsberg Maritime President and CEO Jan Erik Korssjoen. "Current market trends indicate that the new company will have much brighter prospects for the future than the two operations would have had separately." , An order for an advanced shuttle tanker to be built by Astilleros Espanoles SA's Sestao yard will combine Kongsberg Simrad's dynamic positioning and process control with Kongsberg Norcontrol's integrated bridge systems




Maritime Security History

Adm. Kime Honored For Efforts In Marltlmo Safety And Pollution Prevention
AISE '96 PREVIEW CONFERENCE SCHEDULE
Bay Area 4C's Standardizes RIN Procedure
Beyond Implementation of the ISM Code: The Rewards Of An Active Safety Management System
Clinton: Programs To Bring More Than $1 Billion To U.S. Yards
Cruise Ship Safety Jumps To The Forefront
Details Of U.S. Maritime Subsidy Program Revealed
Details Of U.S. Maritime Subsidy Program Revealed
Eye On Interior Design: Challenges ln Designing A Riverboat Casino
FY '93 TRP Competition Complete: $190 Million Awarded
Gaming Boom Continues
ICC Faces New Challenges
IDB's Klein Touts Cost Effectiveness, Improved Service As Benefits Of IDB/ AMSC Agreement
Leaders Convene At Ship Finance Forum
Mackay Communications Helps Companios Embrace Safety and Digital Technology
MarAd's Herberger Comments On FY '95 Budget
Mr. Mel: Taking Care of Business Powered By "Cats"
New USCG Safety Award Bestowed To Four Honorees
SAFETY AT SEA
ScanMarine Celebrates Founding With New Contracts
Service With a Satellite: A Guide To Top Service Providers
THE HUMAN FACTOR: The Costs of Fatigue at Sea
Transitioning To The New World Order
Trinity Wins $80M Contract To Build RoRo For Alaska
U.S. MARITIME POLICY REFORM
U.S.C.G. Implements Simplification Of Vessel Documentation Procedures
USCG Announces Vessel Documentation Centralization Site
USCG Approves First Oil Spill Response Plans
USCG Captain Wins Public Service Award
VT Acquires Ship Motion Control Specialist
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright