Kongsberg Discovery Acquires Naxys Technologies: A New Wave in Underwater Monitoring

In a significant move to strengthen its position in underwater monitoring, Kongsberg Discovery has announced the acquisition of Naxys Technologies, a Bergen-based subsea company specializing in technology for recognizing the sound of oil and gas leaks. This strategic acquisition is expected to enhance Kongsberg Discovery’s expertise in passive hydroacoustics and expand its offerings in environmental monitoring for the oil and gas industry.

The maritime industry is constantly evolving, with a growing emphasis on sustainability and environmental responsibility. Kongsberg Discovery’s acquisition of Naxys Technologies is a testament to this shift, as it aims to bolster its capabilities in underwater monitoring and environmental protection.

Strengthening Expertise in Passive Hydroacoustics

Naxys Technologies, founded in Bergen, has established itself as a world leader in underwater environmental monitoring technology. The company’s expertise in passive hydroacoustics enables it to detect oil and gas leaks, making it an attractive addition to Kongsberg Discovery’s portfolio. With 28 employees and an expected turnover of NOK 100 million ($8.8 million) in 2024, Naxys Technologies brings a strong business foundation to the table.

The acquisition is seen as a perfect fit for Kongsberg Discovery, which was spun off from Kongsberg Maritime and established as a separate business area within Kongsberg Gruppen in 2023. The company’s CEO, Martin Wien Fjell, highlighted the importance of Naxys Technologies’ expertise in passive hydroacoustics, stating that it is “crucial to the transaction.” Fjell also emphasized the growing demand for sustainable operations globally, making Naxys Technologies’ environmental monitoring solutions increasingly important.

Technical Capabilities and Market Potential

Naxys Technologies specializes in recognizing the sound of oil and gas leaks using passive hydroacoustics. This technology provides environmental monitoring for the oil and gas industry, with potential for growth in research and defense markets. The company’s solutions enable early detection of leaks, helping to prevent environmental damage and reduce the risk of pollution.

Impact on the Maritime Industry

The acquisition of Naxys Technologies by Kongsberg Discovery is expected to have a significant impact on the maritime industry. With the increasing demand for sustainable operations and environmental monitoring, this acquisition positions Kongsberg Discovery as a leader in underwater monitoring technology. The company’s expanded offerings will enable oil and gas companies to quickly detect leaks, reducing the risk of environmental damage and improving safety.

Environmental Benefits

The acquisition of Naxys Technologies is also expected to have a positive environmental impact. By enabling the early detection of oil and gas leaks, Naxys Technologies’ solutions can help prevent environmental damage and reduce the risk of pollution. This aligns with the growing focus on sustainability and environmental responsibility in the maritime industry.

Summary

In summary, the acquisition of Naxys Technologies by Kongsberg Discovery is a strategic move that enhances the company’s expertise in passive hydroacoustics and expands its offerings in environmental monitoring. With a strong business foundation and cutting-edge technology, Kongsberg Discovery is well-positioned to meet the growing demand for sustainable operations and environmental responsibility in the maritime industry.

Conclusion

As the maritime industry continues to evolve, the acquisition of Naxys Technologies by Kongsberg Discovery is expected to have a lasting impact on the future of underwater monitoring and environmental protection. By leveraging Naxys Technologies’ expertise in passive hydroacoustics, Kongsberg Discovery can help oil and gas companies reduce their environmental footprint and improve safety. This acquisition underscores the importance of sustainability and environmental responsibility in the maritime industry, setting a positive example for other companies to follow.

To stay ahead in the maritime industry, it is crucial to embrace innovative technologies and prioritize environmental protection. The acquisition of Naxys Technologies by Kongsberg Discovery serves as a reminder that strategic investments in sustainable solutions can lead to long-term success and positive environmental impact.

List of Sources

• Naxys Technologies acquired by Kongsberg Discovery
• Kongsberg Discovery Acquires Naxys Technologies
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• Kongsberg Discovery kjøper Naxys Technologies
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• Kongsberg kjøper selskap som kan gjenkjenne gasslekkasjer – E24 Børs
• Kongsberg Discovery to Acquire Naxyx Technologies AS
• Kongsberg Discovery acquires Naxys Technologies