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Kongsberg Maritime sells off GlobalSim subsidiary

Kongsberg Maritime has sold off its Kongsberg GlobalSim land-segment crane simulation subsidiary, to narrow its focus towards maritime and offshore simulation only.

{mprestriction ids="1,2"}Salt Lake City-based GlobalSim will become an independent business following a management buyout, having been acquired by Kongsberg Maritime in 2007.

“As Kongsberg GlobalSim is today focused on land-based crane simulation, a management buyout was naturally interesting for all stakeholders,” said Kongsberg Maritime simulation vice president, Paal Aamaas.

“Our strategy is clearly targeted towards the maritime and offshore industries so it’s important to concentrate our development and support activity on delivering innovations and efficiencies in these markets.”

“The timing was right for both parties and the move represents a unique opportunity for GlobalSim and its employees. We will continue to cooperate with GlobalSim on various ongoing projects.”{/mprestriction}

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