Kongsberg Maritime to Acquire Berg Propulsion Maritime Activity Reports, Inc. July 13, 2026 (Credit: Kongsberg Maritime) Norwegian maritime technology company Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion in a move aimed at expanding its marine propulsion portfolio and strengthening its position across a wider range of vessel segments. Financial terms of the transaction were not disclosed, although Kongsberg Maritime said the acquisition was priced at approximately the same enterprise value-to-EBITDA multiple as its own current market valuation. The transaction remains subject to customary regulatory approvals and other closing conditions. Headquartered in Gothenburg, Sweden, Berg Propulsion designs and manufactures integrated propulsion and electrical systems for the maritime industry. The company employs approximately 400 people, has an installed base of around 4,000 vessels worldwide and generated revenues of approximately $183 million (€160 million) in 2025 following strong growth over the past five years. Kongsberg Maritime said the acquisition will broaden its propulsion offering by combining its strong position in high-value, performance-driven vessel segments with Berg Propulsion's presence in volume markets such as general cargo ships and product tankers. Following completion, Berg Propulsion will continue to operate as a separate brand and standalone business unit within Kongsberg Maritime's Propulsion & Handling division, preserving its existing organization, customer focus and entrepreneurial culture. The combined propulsion portfolio will include controllable pitch propellers, thrusters, hybrid and electric propulsion systems, and integrated vessel control solutions. Kongsberg Maritime also expects to expand its global aftermarket offering by supporting Berg Propulsion's installed fleet through its worldwide service network while pursuing cross-selling opportunities across both companies' product portfolios.