THALES AND KONGSBERG TO ESTABLISH NEW MAJOR DEFENCE COMMUNICATIONS JOINT VENTURE IN NORWAY
Norway, June 27 -- Thales and Kongsberg Defence & Aerospace have agreed to combine two of their businesses - KONGSBERG's secure communications unit and Thales' crypto and secure communications business in Norway - in a joint venture designed to meet the growing connectivity needs of defence forces in Norway, NATO countries and other nations. This new company is a response to European armed forces' call for greater interoperability, sovereignty, and the urgent need for large-scale equipment delivery.The new company will be jointly owned 50/50 by Thales and Kongsberg Defence & Aerospace with approximatively 350 strong workforce based across Oslo, Trondheim and Asker, Norway.These two businesses had combined revenues of about NOK 1.5 billion (...
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