Kongsberg Gruppen (KONGSBERG) is an international technology corporation that delivers advanced and reliable solutions that improve safety, security and performance in complex operations and during extreme conditions. KONGSBERG works with demanding customers in the global defence, maritime, oil and gas and aerospace industries. We deliver systems for dynamic positioning and navigation, marine automation, cargo management and level sensors, maritime training simulators and position reference systems. Important markets include countries with large offshore and shipyard industries.
Kongsberg Gruppen (KONGSBERG) is an international, knowledge-based group that supplies high-technology systems and solutions to customers in the oil and gas industry, the merchant marine, and the defence and aerospace industries.
The Group consists of the following four business areas:
Kongsberg Maritime delivers products and systems for positioning, navigation and automation to merchant vessels and offshore installations, as well as products and systems for seabed surveying and monitoring, and for fishing vessels and fisheries research. The business area is a market leader in these areas.
Kongsberg Oil & Gas Technologies
Kongsberg Oil & Gas Technologies provides technology, products and services for surveillance, integration, analysis, simulation, quality assurance, and governance of drilling and production operations.
Kongsberg Defence Systems
Kongsberg Defence Systems is Norway's premier supplier of defence and aerospace-related systems. The portfolio comprises products and systems for command and control, weapons guidance and surveillance, communications solutions and missiles. Kongsberg Defence Systems also makes advanced composites and engineering products for the aircraft and helicopter market.
Kongsberg Protech Systems
Kongsberg Protech Systems delivers weapon control systems with the highly successful PROTECTOR Remote Weapon Station.
KONGSBERG aspires to achieve sustainable development, i.e. to strike a good balance between financial results and corporate social and environmental responsibility. This is because corporate social responsibility and the environment are to be integral parts of the Group's daily routines.
The UN defines sustainable development as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. This is a demanding task in a world that faces formidable environmental and poverty-related challenges.
At KONGSBERG, corporate social responsibility means taking into account the communities in which the Group operates and which are affected by our activities. It also involves relations with our employees, society-at-large and external stakeholders.
WORLD CLASS - through people, technology and dedication
KONGSBERG is to be an internationally-oriented, technology enterprise headquartered in Norway. Shareholders' assets will be protected and enhanced by using the Group's high level of knowledge to develop attractive solutions for the market, and to make constant operational improvements:
- Improvement measures will be implemented continuously to promote profitability.
- Growth and profitability will be generated through organic growth, acquisitions and structural initiatives.
- The Group will be organised in a manner designed to exploit coherence and possible synergies.
- Operations should be handled in an ethically, environmentally and socially responsible manner, maintaining a clear profile and a good reputation.
Important initiatives for achieving the objectives include:
KONGSBERG's markets are characterised by stringent requirements for performance, quality and operational reliability. 80 per cent of the Group's operating revenues were earned outside Norway in 2009. KONGSBERG strives to develop its marketing system to help meet customers' needs in an efficient manner. Customer proximity and cooperation on the development of optimal solutions are crucial. Strategic alliance-building is a prerequisite for success in several of KONGSBERG's product areas.
Concentration on the business areas
The business areas are continuously reviewed to identify activities which do not occupy a natural place there, or which might better be developed under the auspices of other industrial constellations. The Group considers these areas thoroughly in an effort to conserve assets insofar as possible.
Acquisitions are a key part of the corporate growth strategy in core areas. The goal of acquisitions is to exploit common technologies and achieve market synergies. Other motives include a desire to supplement the range of products, and to gain access to new markets or specialised technology. The desire for constant improvement in the Group's strategic market position plays a key role in its acquisition strategy.
Knowledge and expertise are KONGSBERG's most important competitive parameters. Opportunities for human resources development are crucial to positive performance trends, making them a high priority. It is important to offer attractive, challenging jobs. Leadership development programmes are conducted systematically.
Corporate Social Responsibility and Ethics
KONGSBERG has a corporate Code of Ethics, an environmental policy and a policy for corporate social responsibility. These are basic elements in the efforts to achieve a corporate culture that supports profitable, sustainable development.
Product development costs are equivalent to approx. 10 per cent of KONGSBERG's operating revenues each year. A high level of activity in this field is a prerequisite for profitable organic growth. Product development may be funded by customers and/or equity-financed. The needs of the market invariably determine our direction, ambitions and solutions for product development. KONGSBERG's products are largely based on the following core competencies: software development services, engineering cybernetics, systems integration and signal processing.
The Group's management attaches importance to having the financial wherewithal needed to ensure its freedom of action. Growth is to be funded mainly by earnings and the freeing up of previously tied-up capital. External funding is always based on a long-term perspective that is commensurate with the Group's business strategy. The Group's financial policy aims primarily at increasing predictability and reducing risk.
The KONGSBERG values are normative for how we behave and work, and characterise our cooperation within and outside the company.
We are known for our drive and persistence. We always strive to meet our customers' expectations. We set ambitious goals for ourselves and we are driven towards them with a clear and constant focus.
What we start, we finish. We do not give in.
Always performing better is a vital part of who we are. We constantly innovate and implement improvements in all parts of our business - from our products, through our processes, to our customers' experiences.
We relentlessly pursue improvements, new ideas and new solutions.
Collaboration is fundamental to our business. We exchange ideas among ourselves, with our suppliers and partners, and we cooperate closely with our customers. We work as teams, we share knowledge and we value team success - to the benefit of our customers and our own competitiveness.
We collaborate as individuals and as an organization.
Our customers and partners can trust KONGSBERG to deliver, always. Dealing with KONGSBERG means dealing with reliable
people, a reliable corporation and reliable products. KONGSBERG is a responsible organization characterized by integrity and concern for health, safety and the environment.
We are reliable people. We are responsible citizens.