59 SEPTEMBER 2026 K ongsberg Maritime ASA has entered into an agreement to acquire fellow PVA associate member Steerprop, a Finnish designer and manufacturer of azimuth propul- sion systems specializing in high ice- class and Arctic vessels. Steerprop has built a strong position in Arctic propulsion, supplying pro- pulsion systems for icebreakers, polar research vessels, offshore support vessels and other demanding applica- tions. The company has an installed base of more than 400 vessels globally and a significant order backlog, with the majority linked to Arctic and ice- class projects. For customers, Kongsberg Maritime expects the combination to provide access to a broader offering, stronger lifecycle support and enhanced sys- tems integration capabilities across propulsion, energy, automation and other onboard systems. Both companies will continue to op- erate independently until the trans- action has been completed. Existing projects, deliveries and contractual commitments remain unchanged, and ensuring continuity for cus- tomers will be the highest priority throughout the process. Following completion of the transac- tion, the intention is to fully integrate Steerprop into Kongsberg Maritime in a phased and structured manner. The integration will focus on safeguarding customer relationships and main- taining delivery performance while gradually adopting common systems, processes and operating models. MEMBER NEWS Kongsberg Maritime Enters Agreement to Acquire Steerprop MEMBER NEWS
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