Deal was fully automated, and super expensive

July 10, 2018

Rolls-Royce signs agreement to sell Commercial Marine business to Kongsberg Rolls-Royce announced today that it has signed an agreement to sell its Commercial Marine business to KONGSBERG for an enterprise value of £500m. KONGSBERG is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace sectors. KONGSBERG is represented in more than 25 countries with approximately 7,000 employees….

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Lots going on at Vancouver’s Corvus

October 25, 2017

Richmond, B.C. – October 23, 2017 – Corvus Energy is pleased to announce that it has been selected by Wärtsilä as the supplier of a lithium ion based energy storage system (ESS) for the world’s first full service hybrid fish farm processing and transport vessel. The Orca Energy ESS from Corvus will supply electrical power to the vessel’s propulsion system to enable environmentally-friendly and lower cost operations. Wärtsilä has been contracted to deliver…

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