Kongsberg Automotive ASA (KA) has finalized an overhead cost reduction initiative to yield annual savings of EUR 15 million. This plan is part of KA’s efforts to improve financial performance and complements the previously announced cost adjustment program.
Approximately 150 positions will be affected. Implementation

On June 2, Kongsberg Automotive (KA) announced changes to its organizational and leadership structure. The two business areas (BAs), Drive Control Systems (DCS) and Flow Control Systems (FCS), will be strengthened by assuming full business and P&L responsibility, with all key functions fully integrated into their ope

Kongsberg Automotive ASA (KA) announced that it will continue executing cost-saving initiatives in 2025. The previously announced overhead reduction program remains on track and is expected to be fully implemented by Q3 2025, delivering an estimated annual saving of EUR 10 million. KA will also launch additional cost

Kongsberg Automotive ASA (KA) has secured a new 4-year contract worth approximately EUR 20 million in estimated lifetime revenue for its Dog Clutch Actuator (DCA).
The company’s Wuxi facility in China will produce and supply the product to a leading global OEM in the electric commercial vehicle (CV) segment.
The DCA

On April 16, Kongsberg Automotive (KA) inaugurated its new manufacturing facility in Faridabad, India, relocating from its previous plant within the same area. The upgraded facility now spans approximately 6,947 square meters, up from 5,946 square meters, and is located in the Greater Delhi region.
The new plant enha

Kongsberg Automotive ASA (KA) has secured an extension of the air brake fittings (Raufoss ABC system) contract worth over EUR 58 million in estimated lifetime revenue.
The four-and-a-half-year contract, which starts in April 2025, was awarded by a leading manufacturer of trucks and buses for heavy transport applicati

Kongsberg Automotive ASA (KA) announced that it sees limited negative effects from the U.S. imposing 10% tariffs on Chinese imports, effective from February 4, 2025. It will seek full compensation for increased customs tariffs from its customers to recover any additional costs imposed by these tariffs.
KA has 2 plant

Kongsberg Automotive ASA (KA) won a contract extension for its Fluoro-Comp and stainless-steel braided hoses from a global Tier 1 automotive supplier.
The 5-year contract renewal is worth over EUR 56 million in estimated lifetime revenue.
These hoses will be produced and supplied by KA’s Suffield, Grand River (USA),

Kongsberg Automotive ASA (KA) has secured a new contract for air suspension lines from one of the largest global EV manufacturers.
The 5-year contract is valued at over EUR 25.5 million in estimated lifetime revenue. It covers nylon lines and connectors that distribute and regulate air within the air suspension syste

Kongsberg Automotive ASA (KA) won a new contract for its Nylon (PA612) coolant system assemblies used in EVs, part of its thermal management system.
The 10-year contract, starting production in 2027, is valued at over EUR 24 million in estimated lifetime revenue. It was awarded by an innovative manufacturer of passen

Kongsberg Automotive ASA (KA) has secured a contract extension for its fluid transfer assemblies from a global OEM headquartered in Europe.
The six-year contract, which will start in January 2025, is worth over EUR 21.5 million in estimated lifetime revenue.
The order includes coolant, fuel, EGR, doser injector, and

Kongsberg Automotive ASA (KA) announced new cost adjustment initiatives to further streamline operations and reduce overhead costs in response to lower near-term customer demand. The measures include a reduction of the global workforce by approximately 150 positions.
KA targets overhead cost reductions of EUR 17 mill

Kongsberg Automotive ASA (KA) has won an extension of contract for its Raufoss ABC System’s air couplings from a global brake manufacturer based in Europe.
The 3-year contract, which starts in January 2025, is worth over EUR 13.5 million in estimated lifetime revenue.
KA’s Raufoss, Norway plant and Cluses plant in Fr

Kongsberg Automotive ASA (KA) won a contract extension from a global power technology manufacturer for several technical hose assemblies used with coolant, fuel, and oil transfer applications.
This 8-year contract is worth EUR 38 million in estimated lifetime revenue. The product will be produced and supplied by KA’s

Kongsberg Automotive ASA (KA) won a new contract worth over EUR 55 million for its Dog Clutch Actuator (DCA). Production for this 5-year-contract will start in 2025.
The product will be produced by KA’s Wuxi plants and supplied to one of the leading OEMs based in China for the electric commercial vehicle market.
The

Kongsberg Automotive ASA (KA) won a new contract awarded by a global OEMs for battery coolant pipes.
The 3-year contract is worth over EUR 13 million in estimated lifetime revenue. The coolant pipes will be used in a new generation of battery packs for e-trucks. The manifold distributes coolant within the battery clu

Kongsberg Automotive (KA) updated its long-term financial goals and established new ambitions for the year 2028. It will focus on organic growth and improved profitability.  KA has successfully won numerous long-term contracts with well-reputed automotive brand names.
Its Driveline business, now labeled “non-core”, i

Kongsberg Automotive (KA) announced that its Board of Directors, the CEO, and Executive Management had decided to operate the company out of Kongsberg, Norway. Going forward, Kongsberg will be the headquarters for KA with Zurich, Switzerland, serving as the company’s financial center.
In 2017, KA centralized its busi

Kongsberg Automotive ASA (KA) has won a contract extension worth EUR 523 million in estimated lifetime revenue for KA’s Gear Control Unit (GCU) with integrated clutch actuator.
The 5-years contract renewal, awarded by a major global manufacturer of transmissions for heavy-duty trucks, will extend until 2028. The prod

Kongsberg Automotive ASA (KA) officially opened its new plant in Ramos Arizpe, Mexico, on April 25, 2024. The upgraded plant represents a significant expansion and relocation from KA’s earlier location in the region since 2018.
Spanning over 15,500-sqm area, this new plant is equipped with advanced technologies. It p