Who Owns Kongsberg? Norway’s State and the Oslo-Listed Defence Company
Summary Not Found.
Kongsberg Gruppen ASA is publicly traded on Oslo Stock Exchange under the ticker KOG. The Norwegian state holds exactly 50 %, making it a permanent anchor shareholder with both strategic and commercial interests in the company’s direction.
NSM, NASAMS tied to Norway’s own defence procurement
Export revenue
Kongsberg contributes significantly to Norway’s non-oil export base
Technology safeguard
50 % stake prevents hostile foreign acquisition
NATO alignment
Government oversight ensures products remain NATO-standard
Stock Performance vs Defence Sector
Year
KOG Price Range (NOK)
Event
Source
2020
~140–200
COVID recovery
OSE
2022
~300–500
Ukraine war — defence surge
OSE
2023
~500–700
Order backlog expansion
OSE
Board and Leadership
Role
Source
Group CEO — appointed by board, approved by state
Kongsberg corporate
KDA CEO — separate from group CEO
Kongsberg corporate
Board — majority independent directors
Oslo Stock Exchange listing rules
FAQ
Can foreign companies acquire Kongsberg? The Norwegian government’s 50 % stake gives it effective veto power over any acquisition attempts. A full takeover without state approval is not possible.
Sources
Oslo Stock Exchange — KOG ownership filings
Norwegian Ministry of Trade & Fisheries — State ownership report
