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.
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Land Warfare
-
![Eurosatory 2026: IDV expands with new Viking and CL2X UGV]()
Eurosatory 2026: IDV expands with new Viking and CL2X UGV
At Eurosatory 2026, uncrewed ground vehicles (UGVs) are front and centre of IDV’s display, with a new variant of the Viking and the new CL2X on show.
-
![Eurosatory 2026: Recovery, reconnaissance, autonomy and air defence shape land systems developments]()
Eurosatory 2026: Recovery, reconnaissance, autonomy and air defence shape land systems developments
New recovery vehicles, reconnaissance platforms, autonomous fire-support systems and short-range air-defence capabilities on display at Eurosatory 2026 highlighted how land forces are adapting to evolving battlefield requirements.
-
![Eurosatory 2026: Ukraine drives European artillery renaissance]()
Eurosatory 2026: Ukraine drives European artillery renaissance
European governments have ordered nearly 1,400 self-propelled howitzers and more than 400 multiple-launch rocket systems since 2022 as lessons from Ukraine reshape long-range fires requirements across the continent.
-
![Eurosatory 2026: Nordic CV90 contract to be signed this year as best offer submitted]()
Eurosatory 2026: Nordic CV90 contract to be signed this year as best offer submitted
The four-nation Nordic Programme to buy BAE Systems Hägglunds CV90 MkIV tracked vehicles is an ambitious effort for the partner countries to buy almost identical vehicles and is worth billions of dollars.
