NORBIT has agreed to acquire 100 percent of the shares in Water Linked AS, a Trondheim-based provider of underwater navigation and 3D sonar technology. The transaction values Water Linked at 330 million kroner on a cash- and debt-free basis and will be settled entirely in cash upon closing, which is expected around 30 June 2026. Water Linked is expected to generate approximately 100 million kroner in revenue in 2026 with an EBITDA margin in the 25 to 30 percent range, excluding synergies from the merger with NORBIT. The acquisition expands and complements NORBIT's product offering within its Oceans segment and strengthens its position as a supplier of tailored technology for underwater vehicles. Water Linked will continue operations as Water Linked, a NORBIT Company.
NORBIT acquires Water Linked for 330 million kroner, expanding its Oceans segment.
Water Linked is acquired by NORBIT at a valuation of 330 million kroner.