Telenor Maritime acquires KNL Networks

For years Telenor Maritime has provided secure connectivity to
cruise, ferry, and offshore industries. Soon, their vision for global
connectivity at sea may be completed with the acquisition of KNL
Networks.

Due to technological and topographic challenges, a full-fledged offer to the
merchant fleet sector has been challenging to deliver, until now. On 20th of November,
Telenor Maritime has reached an agreement to acquire 100 % of the
shares in KNL Networks, a Finnish tech company, which has developed a unique
system providing data access through a secure mesh network around the globe
for maritime and critical communication markets. With this technology and
Telenor Maritime’s expertise, the merchant fleet’s missing link is finally in place:
a dedicated end-to-end channel for reliable, secure, and above all affordable
access to business-critical information.

Enabling a more sustainable future

Telenor Maritime’s vision of a greener future in the maritime
industry has taken a big leap forward with the acquisition of
KNL Networks” says CEO of Telenor Maritime Lars Erik Lunøe.
“This affordable technology provides the industry with a
unique opportunity to utilize digitized solutions, enabling
them to make data-driven decisions, improve efficiency,
gain competitive advantage, and work towards a greener,
more sustainable future” he continues.

Constantly pursuing the elimination of the “digital divide”
between the offshore and onshore industries, Telenor Maritime
can now provide the same quality of experience at sea
as on land to the whole maritime sector, increasing its profitability
through operational excellence.

Unique offering to the maritime sector

By acquiring KNL networks and combining the competences of both companies, Telenor
Maritime will be able to offer end-to-end managed services for the maritime market,
including global access and access management of operation-critical data and cyber
security.

“This positioning is unique in the maritime sector, making Telenor Maritime the only
one stop shop for digital transformation of maritime industry. We’re excited about the
opportunity to join forces with Telenor Maritime and to become a part of Telenor Group
– a company that has over a century of history in the field of connectivity and reputation
of being a trusted partner. I am confident that together we can lead the way of
digitalizing maritime and help our clients on their digital transformation journey, as well
as strengthen our position as a trusted partner to our customers
in the critical communication segment” says Toni
Lindén, CEO KNL Networks.

Arendal has a long-standing maritime history. It was one of
the largest and richest Norwegian naval ports during the
18th and 19th centuries. Telenor Maritime is proud to put
Arendal back on the naval map as the centre of innovation
for improving tomorrow’s maritime industry.

Maritime traditions leading the innovation

Based in Arendal, Telenor Maritime has since 2004 been at the forefront of developing
and defining secure connectivity standards for the maritime business. Today it is
the leading global communications partner at sea, serving in excess of 100 ship owners,
and 30 million people on board more than 500 vessels and offshore installations
worldwide. Telenor Group is one of the world’s major mobile operators, connecting 180
million customers in 9 markets.

“KNL Networks is an innovative and agile company.
I am impressed with their technology and
competence. Together we will use the combined
capabilities to advance our competitive position”

Lars Erik Lunøe

Contact information:

Lars Erik Lunøe

CEO

+47 909 73 005

Lel@telenormaritime.com

Alina Røisland

Marketing communications manager

+47 47 33 63 33

Aro@telenormaritime.com