Kongsberg Acquires Global Sim

Monday, March 31, 2008

Kongsberg Maritime has acquired the Draper, based technology enterprise Global Sim for approximately $19.6m. Global Sim delivers products and services in the field of crane simulation for the training of crane operators around the world, and holds a market leader position in maritime crane simulation. The acquisition extends Kongsberg Maritime's portfolio and will further strengthen the company's position as a leader within the field of Maritime Simulation and Training.
"The acquisition of Global Sim gives Kongsberg Maritime a broader portfolio of products in the growing market for Maritime Training and Simulation," remarks General Manager (Simulation) Lars Erik Hilsen of Kongsberg Maritime. "The need for advanced training tools and solutions is increasing within both traditional maritime education and within the training and operation of offshore applications. With crane simulation as part of our product offering we can now provide an even better service to the maritime training industry."
In addition to Global Sim's leading position in crane simulation, the company has a core competence in delivering immersive training simulators, currently being delivered to the US Navy. The technology and competence developed for the immersive training simulators offer interesting opportunities for applications in simulating crews in handling critical situations in a highly realistic setting where instructors monitor and assess each team member and the team.
"Through the ownership of Kongsberg Maritime, Global Sim will strengthen its position as market leader in its segments, through access to a bigger pool of competence and resources from related technologies and market channels. Further, the two players combined offer several interesting opportunities for potential new application areas," says Scott Huntsman, President and CEO of Global Sim.
Global Sim's product line has been offered to the market for 15 years, and since the establishment of the company Global Sim in May 2002, it has experienced strong growth.

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