Norway's Kongsberg has signed an agreement to divest its development of ship steering systems, which it is currently part of the Propulsion and Handling division of the Kongsberg Maritime, to Norvestor, a Norwegian company private equity. The sale includes both the the creation and sale of new products that the spare parts for the wheelhouse and for the other governing bodies of the ships, activities that in 2023 generated revenues of about 850 million Norwegian kroner (80 million euros).

The agreement, which is expected to be completed by and no later than the first quarter of next year, includes the commitment of the parties to collaborate in offering solutions for the governance of ships to their respective customers worldwide.

Norvestor has announced that the acquired assets will be transferred to a newly established company with its registered office in Brattvåg, Norway, which will be named Neuver Maritime and will have 160 employees spread across different offices, including Hagavik and Ålesund in Norway as well as in offices commercial and service in the United States, China, Singapore, Poland, South Korea and Italy.