KONGSBERG GLOBALSIM MANAGEMENT BUYOUT ANNOUNCED

Kongsberg GlobalSim the wholly owned land-segment crane simulation subsidiary of Kongsberg Maritime is to become an independent business following a management buyout announced on March 21. The buyout will en-able GlobalSim to focus on its core port crane construction crane military crane and other heavy equipment simulator development while Kongsberg continues to develop its position as a maritime and offshore simulation provider.

Kongsberg Maritime acquired the Salt Lake City Utah-based GlobalSim in 2007 to complement its extensive offshore simulator portfolio which today covers full vessel training with integrated navigation DP engine room and offshore vessel crane simulators in addition to application specific simulators such as those for seis-mic back deck handling and oil spill response. GlobalSim was renamed Kongsberg GlobalSim in 2013.

“As Kongsberg GlobalSim is today focused on land-based crane simulation a management buyout was naturally interesting for all stake-holders” said Kongsberg Maritime Simulation Vice President Paal Aamaas “our strategy is clearly targeted towards the maritime  and off-shore industries so it’s important to concen-trate our development and support activity on delivering innovations and efficiencies in these markets.”

The new GlobalSim Inc. will be led by Jonathan McCurdy who joined the company in 2001 and previously held the position of general manager.