KONGSBERG buys 49.9 % of Patria creating a leading Nordic defence partnership
Today, KONGSBERG has entered into an agreement with the Finnish state for the purchase of 49.9 % of the shares in Patria for EUR 272 million. Patria is Finland’s leading defence supplier and owns 50 % of the shares in the Norwegian company Nammo. The partnership will be a leading defence supplier in the Nordics, and a considerable supplier on the European defence market, with total gross revenues of NOK 13.4 billion in 2015.- By forming this industry partnership consisting of KONGSBERG, Patria and Nammo, we’re taking a proactive step to meet the ongoing consolidation in the defence industry.