Kongsberg acquires underwater monitoring company Naxys Technologies

Naxys Technologies, a Bergen-based technology developer for underwater environmental monitoring, has been acquired by Kongsberg Discovery, a business that was spun off from Kongsberg Maritime and established as a separate business area within the Kongsberg Group in 2023 to strengthen the company's position and investment in advanced sensor and underwater robotics.

Naxys provides environmental monitoring for the oil and gas industry, with a specialisation in recognising the sound of oil and gas leaks, but has also positioned itself for growth in the research and defence markets.

Martin Wien Fjell, CEO of Kongsberg Discovery, said the importance of Naxys's expertise in passive hydroacoustics was crucial to the transaction.

"Naxys Technologies ensures that oil and gas companies can be quickly notified of any leaks. This is becoming increasingly important now that the demands for sustainable operations are increasing globally," said Fjell.

Naxys's customers are mainly large oil and gas companies that use the technology to detect leaks, as well as monitor subsea rotating machinery such as pumps and compressors. The acquisition agreement was signed on December 20.

Naxys Technologies has 28 employees in Hegreneset in Bergen. The company expects to pass a turnover of NOK100 million (US$9 million) in 2024.