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Kongsberg Maritime to Acquire Marine Propulsion Firm Steerprop
Maritime technology firm Kongsberg Maritime has agreed to acquire Finnish marine propulsion specialist Steerprop.
Steerprop designs and manufactures azimuth propulsion systems for icebreakers, polar research vessels, offshore support vessels and other demanding applications, Steerprop said in an emailed statement on Monday.
Its systems are installed on more than 400 vessels worldwide, with most of its order backlog linked to Arctic and ice-class projects.
The acquisition will combine Steerprop’s specialised Arctic propulsion technology with Kongsberg Maritime’s global organisation, lifecycle services network and wider marine technology portfolio.
Both companies will operate independently until the transaction is completed, with existing projects, deliveries and contractual commitments unchanged.
Following completion, Kongsberg Maritime plans to integrate Steerprop gradually while retaining key Arctic propulsion expertise and customer relationships.
The deal remains subject to regulatory approvals and other customary closing conditions.
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