Norway’s Kongsberg has bought a 49.9% stake in Finnish company Patria in a deal worth $307 million

According to Defense Industry Daily

Mar 18, 2016 00:20 UTC by Defense Industry Daily staff

Norway’s Kongsberg has bought a 49.9% stake in Finnish company Patria in a deal worth $307 million. The new industry partnership will be seen as a significant strengthening of the Nordic defense industry. Kongsberg will benefit from Patria’s 50% stake in the Norwegian ammunition manufacturer Nammo, and Patria’s extensive experience of the aircraft composite industry, namely for their work on the Airbus A400 and the NH Industries NH90 helicopter.

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Kongsberg Defence Systems: HERE

Joint Strike Missile-Development

 

Patria: HERE

Patria AMV Armoured Modular Vehicle, Finland

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