Kongsberg Gruppen ASA

05/25/2022 | Press release | Distributed by Public on 05/25/2022 00:33

KONGSBERG signs 28 MEUR Contract for deliveries to new Cadeler Vessel

Tid25.05.2022, 06:30:00
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KONGSBERG signs 28 MEUR Contract for deliveries to new Cadeler Vessel

KONGSBERG has through Kongsberg Maritime, signed a contract of around EUR 28 million for delivery of a comprehensive technology package for a new Foundation Installation Vessel to be built for the Danish service provider Cadeler by Chinese shipbuilder COSCO Shipping (Qidong) Offshore. The vessel will be delivered to the owner in 2025. This is the third contract KM has received for Cadeler installation vessels.

"This is a very advanced vessel designed for the rapidly evolving offshore wind market," says Egil Haugsdal, President, Kongsberg Maritime. "The bespoke solutions we have devised for the wind turbine installation vessels and this newly announced Foundation Installation Vessel as well as the contracts we have won, confirms both our position in this market as well as our effort to facilitate and encourage sustainable marine operations."

KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 27.4bn in 2021.