RA Capital served as exclusive financial advisor to Sonatech on its pending sale to Kongsberg Discovery, a business area in KONGSBERG (OSE ticker: KOG).
This strategic acquisition will support Kongsberg Discovery’s growth ambitions and enhance access to the U.S. markets for the company’s product portfolio. The acquisition is expected to close later in 2025, subject to the necessary governmental approvals.
“Sonatech has a strong and solid relationship with the U.S. Navy. With our combined technology portfolio and expertise, we will broaden the systems and products available for the U.S. Navy. Acquiring Sonatech will provide Kongsberg Discovery with a platform to leverage its technology into new markets and further development. It will also reinforce our presence and operations in the U.S., a significant market for us,” – Martin Wien Fjell, President of Kongsberg Discovery.
About Sonatech
Sonatech, a technology company based in Santa Barbara, California, employs more than 120 skilled professionals. Sonatech specializes in developing and manufacturing customized underwater acoustic transducers, subsystems, and systems that help its customers achieve their challenging mission objectives. Sonatech is well-regarded within the U.S. Navy for its innovative technology and services.
About Kongsberg Discovery
Kongsberg Discovery serves ocean space from the deepest sea to outer space. Kongsberg Discovery develops technology to ensure sustainable management of marine resources, monitor climate change and critical infrastructure, and safeguard national security. The strategic focus includes resilient navigation, situational awareness, platforms, and analytics, all within ocean space. Kongsberg Discovery is part of KONGSBERG, a leading Norwegian technology group.
About KONGSBERG (OSE ticker: KOG)
KONGSBERG is an international knowledge-based group that supplies high-technology systems and solutions to customers in a wide range of markets such as defense, security, maritime, energy, aerospace, climate mapping and subsea technology. KONGSBERG has more than 14,600 employees in more than 40 countries.
For additional details, please contact Dave Cubeta (dcubeta@raca.com).