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Norwegian firm purchases Draper-based GlobalSim

SHARE Norwegian firm purchases Draper-based GlobalSim

Kongsberg Maritime, a Norwegian maritime-equipment company, has purchased Draper-based simulation-system company GlobalSim for $20 million in cash.

GlobalSim will retain its current management team, said Clyde Stauffer, GlobalSim's vice president of sales, marketing and business development. No employees will be laid off.

"If anything, it looks like we'll be growing," Stauffer said.

With more than 2,500 employees in 20 countries, Kongsberg Maritime sells maritime dynamic positioning systems, automation and surveillance systems, oil and gas process automation, satellite navigation and hydroacoustics. Kongsberg Maritime is a division of the Kongsberg Group, which is traded on the Oslo Stock Exchange.

GlobalSim had been a privately held company. It sells MasterLift simulators for training crane and material handling operators, and a wide variety of custom simulation programs for aviation, maritime, military and driving.

The acquisition of GlobalSim gives Kongsberg Maritime a broader product portfolio in the growing market of maritime training and simulation, the news release said.