Advised Oslo listed international technology group, Kongsberg Gruppen ASA on the disposal of its subsea and harsh environment camera business

Kongsberg wished to sell its subsea and harsh environment camera business, which is based in Aberdeen and Wick, but which supplies customers worldwide. The business was part of a larger subsea business and not all of that larger business was to be sold.

We advised Kongsberg from the outset in planning the sale together with its corporate finance advisers, Grant Thornton.

The divestment was part of Kongsberg’s continuous work to adjust and focus the business portfolios in the different business areas.

There were many complexities with the sale which were specific to the business being sold which required specialist advice and innovative solutions.

Outcome

We took the time with management to fully understand the business to help structure the sale providing strategic and practical advice.

We drafted and negotiated a seller-friendly business and asset sale agreement.

This was far more than a simple business sale, but the holistic approach taken by our colleagues delivered this all seamlessly for the client.