Kongsberg Simrad and ABB Enter Joint Cooperation Agreement
Kongsberg Simrad and ABB have entered a worldwide cooperation agreement on joint marketing, sales and technology development to marine and offshore vessels. As part of this agreement there will be a transfer of ABB's business related to dynamic positioning to Kongsberg Simrad.
The two companies have established themselves as leading international suppliers, predominantly with complementary products and systems. By the co-operation, the two companies aim to take one step ahead, to become the leading vendor of packages of vessel automation, dynamic positioning, electric power, propulsion, and thruster systems to marine and offshore vessels. These integrated systems will take advantage of the best of technology and marine knowledge from both companies.
By this agreement both companies will capitalize on ABB's new industrial IT technology by a joint development program on integration of total solutions, enhancing the vessel's performance, reliability, safety, fuel consumption and emission. Technology leadership will be secured by focusing the development resources on core competencies, technologies, and products.