Kongsberg Strengthens Defense Portfolio by Acquiring U.S. Missile Company Zone 5
Acquisition Announcement: Kongsberg Gruppen has announced its agreement to acquire Zone 5 Technologies, a U.S. company specializing in long-range strike and counter-drone missile systems, to enhance its defense capabilities.
Strategic Importance: The acquisition aims to meet the growing demand for high-volume, affordable defense solutions, which are crucial in modern warfare, particularly for countering drone attacks.
Ownership Structure: Kongsberg will secure a 90% ownership stake in Zone 5, which will continue to operate as an independent subsidiary, with the current management retaining minority ownership.
Company Profile: Zone 5 Technologies, founded in 2011, is a profitable company with around 250 employees and over $100 million in revenue, focusing on low-cost missile solutions for precision strikes.
About the author









