Kongsberg to Sell Fire and Safety Unit

Friday, December 06, 2002
Kongsberg Maritime has signed a contract to sell its fire and safety unit in Kongsberg Maritime Ship Systems (KMSS) in Trondheim to Autronica Fire & Safety AS, a subsidiary of KIDDE plc. The sold unit has an operating revenue of MNOK 85 and 25 employees. The transaction carries a price tag of MNOK 55,5 and will add slightly to Kongsberg's profit for the year. "We are confident this is a good industrial solution for us and for Autronica", comments Torfinn Kildal, president, Kongsberg Maritime. "Both companies will be able to focus more intently on doing what they do best. In Trondheim, KMSS will concentrate on radar-based cargo monitoring and sensors for maritime purposes. Autronica Fire & Safety will offer a more complete range since they will also cover maritime fire and safety equipment." KMSS (then Navia) has had a 6-year cooperation agreement with Autronica Fire & Safety since 1998, when all its fire and safety activities, except those in the maritime sector, were sold to KIDDE of the UK.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Rohr Dredge Continues European Expansion

Rohr International Dredge Holdings, Inc. announced that it acquired Eurl Rohr France, including its current backlog, inventory and all associated intellectual property (IPR), on July 23, 2014.

Petroecuador Tenders to Buy 3.84m bbls of Naphtha

State-run oil company Petroecuador has launched tenders to buy a total volume of 3.84 million barrels of naphtha for delivery in the coming month at Esmeraldas,

Voith to Exhibit High Efficiency and DP Systems at SMM

At this year’s SMM in Hamburg, Voith will showcase propulsion systems and vessel concepts focusing on high efficiency and dynamic positioning even under challenging conditions.

LNG

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

ABS to Class the World's First CNG Ship

ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1599 sec (6 req/sec)