Kongsberg Discovery, a business area in KONGSBERG, has signed an agreement to
acquire Sonatech, an experienced player in the field of underwater acoustics. 

This strategic move will support Kongsberg Discovery's growth ambitions and
enhance access to the US markets for the company's product portfolio. The
acquisition is expected to close later in 2025, subject to the necessary
governmental approvals. 

Strengthening the presence in the USA
With over 50 years of experience, Sonatech is a leading undersea acoustics
engineering and manufacturing firm supporting U.S. Navy projects in the defence
sector. For Kongsberg Discovery, the acquisition of Sonatech will enable
increased market access and growth in the US. President Martin Wien Fjell
underlines this to be a major milestone. 

"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," says Fjell.

Solidify the role as an Ocean space expert
CEO and President Geir Håøy of KONGSBERG emphasises that Sonatech aligns well
with the company's technology portfolio and will enable KONGSBERG to gain access
to a significant market.
 
"As a global technology company and ocean space expert, we are developing
world-leading solutions from deep sea to outer space. Mapping the oceans is
becoming increasingly important with the world's need for security and
sustainability. The acquisition of Sonatech fits well into our technology
portfolio and our growth ambitions. It strengthens our position in both safety,
research and sustainable management of marine resources," Håøy says.

The value of the transaction is undisclosed.

About Sonatech
Sonatech, a well-regarded technology company in Santa Barbara, California,
employs more than 110 skilled professionals. In 2024, the company's revenue was
MUSD 32.78. Sonatech specialises in developing and manufacturing customised
devices, subsystems, and systems that transmit, receive and/or process acoustic
signals through the ocean. 

KONGSBERG (OSE ticker: KOG) is an international knowledge-based group that
supplies high-technology systems and solutions to customers in a wide range of
markets such as defence, security, maritime, energy, aerospace, climate mapping
and subsea technology. KONGSBERG has more than 14 600 employees in more than 40
countries and has a total revenue of NOK 48.9 billion in 2024.