Size matters in Nordic consolidation
In a further move in the ongoing consolidation of the Nordic defence industry, Kongsberg has agreed to purchase 49.9% of vehicle manufacturer Patria from the Finnish government, it was announced on 17 March.
The €272 million contract also includes part ownership of Nammo, which is 50% owned by Patria. Patria reported revenues of NOK 3.8 billion (€40 million) in 2015.
Patria is one of the leading suppliers of defence equipment in Finland, while Kongsberg boasts strong global alliances.
In 2014 Airbus Group sold its entire 28.8% stake in Patria, meaning that the Finnish state took whole ownership of the company.
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Hungary set to begin using Hero 400 loitering munitions]()
Hungary set to begin using Hero 400 loitering munitions
Developed by Israel's Uvision and with systems being sold in the thousands to multiple European NATO countries and the US, the Hero family of loitering systems is also in production in the US and Italy, the latter through Rheinmetall.
-
![Light Reconnaissance Strike – enabling a vital mission set (Studio)]()
Light Reconnaissance Strike – enabling a vital mission set (Studio)
A new system-of-systems concept will unlock digital integration of sensors and weapons for Light Forces, allowing them to shape the battlefield environment on their own terms and upgrade legacy platforms.
-
![Lockheed Martin to look further afield for GMARS rocket system opportunities]()
Lockheed Martin to look further afield for GMARS rocket system opportunities
The HX truck is already in use in many NATO and allied countries around the world as a logistics vehicle and carrier for high-value systems, including missile firing weapons, so its use for the Global Mobile Artillery Rocket System makes logistical sense.
-
![Lithuanian 1st Division to achieve initial operating capability in 2026]()
Lithuanian 1st Division to achieve initial operating capability in 2026
Lithuania is one of the countries stepping up its defences in the face of the war in Ukraine with a particular focus on its neighbour and Russian ally Belarus, which has been making incursions into Lithuania’s airspace with balloons and drones.
-
![Medium knocked out of British Army LMP, with CAVS as heavyweight champion]()
Medium knocked out of British Army LMP, with CAVS as heavyweight champion
As the British Army seeks to modernise and consolidate its diverse vehicle fleet, yet another change in direction is underway.
