OSLO (Reuters) -Norwegian defence contractor Kongsberg Gruppen said on Thursday it plans to spin off its non-military business Kongsberg Maritime in an initial public offering on the Oslo Bourse.
The spin-off will create two focused and independent companies, each positioned to seize global growth opportunities within their respective markets, Kongsberg Gruppen said in a statement.
It said it expects the demerger and separate listing of Kongsberg Maritime to take place in April of 2026.
(Reporting by Terje Solsvik, editing by Anna Ringstrom)
