Imenco AS

Imenco Purchases Kongsberg’s Camera Division

28th June 2018

KONGSBERG Sells Camera Division To IMENCO

Today, Kongsberg Maritime, a wholly owned subsidiary of KONGSBERG, has entered into an agreement to sell its business within subsea cameras and harsh environment CCTV systems to Imenco.

Imenco is a leading technology company within design, development and manufacture of helicopter fuel systems, diving systems, mechanical & electrical engineering, lifting & handling products and subsea cameras, lasers & subsea LED lights. The company was established in 1979 and is headquartered in Haugesund, Norway.

For more than 25 years Imenco Subsea Electronics has been a leading supplier of subsea and topside camera systems, stills imaging, subsea lasers and subsea lighting products to the offshore oil & gas, ROV, oceanographic and subsea markets around the world.

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

For Imenco, this acquisition is a step towards becoming the market leader in advanced underwater camera technology. In the last few years Imenco has developed a new and unique series of IP based cameras for subsea applications within different markets ranging from Oil & Gas, ROV & Aquaculture. This acquisition broadens the Imenco Subsea Electronics portfolio and adds high quality CCTV camera systems to their extensive product range.

The transaction was completed at signing today, and the business is continued as Imenco UK Ltd.

For further information, please contact:
Bjørn Jalving, Executive Vice President Subsea, Kongsberg Maritime, Tel. +47 992 03 846

Geir Egil Østebøvik, Chief Executive Officer, Imenco AS, Tel. +47 913 02 151

KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has 7,000 employees located in more than 25 countries and total revenues of NOK 14.5 billion in 2017. Follow us on Twitter: @kongsbergasa

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