Kongsberg Acquires Navtek
Wednesday, August 30, 2006
Kongsberg Defence & Aerospace (KDA), parent company to Kongsberg Norcontrol IT acquired Navtek AS. Navtek will merge with Kongsberg Norcontrol IT in order to consolidate assets and strengthen development and market presence. Navtek, based in Horten, Norway was established in 1980. Its core business is the provision of surveillance systems for the civilian and military markets, having delivered systems worldwide. Navtek employees will continue in the new organization under Kongsberg Norcontrol IT and activities will continue as usual during the merger, which is set to be complete by the end of the year.