Kongsberg Automotive ASA

Company Profile

■URL

http://www.kongsbergautomotive.com/

■Address

Europaallee 39, 8004 Zurich, Switzerland

Business Overview

-The Company is a leading Norwegian automotive parts supplier that is organized in three business segments as follows:

  • Interior
  • Powertrain & Chassis Products
  • Specialty products

-The Company’s product portfolio includes seat comfort systems, gear and clutch control systems, fluid assemblies, and driver interface products.

-The Company is among the leaders in a number of product markets for the automotive industry. For example, the Company is among the top two suppliers in integrated comfort systems, the top two suppliers in air couplings, and the leader in PTFE hoses.

Competitors

Interior Powertrain & Chassis Products Specialty Products
-Alfmeier
-Gentherm
-IGB
-Leggett & Platt
-Suprajit
-Dura
-Ficosa
-Knorr-Bremse
-Kostal
-WABCO
-ZF
-Cooper Standard
-Suprajit
-Voss Automotive

Shareholders

-The Company is listed on the Oslo Stock Exchange. (As of Dec. 31, 2019)
Shareholders Ownership (%)
Morgan Stanley & Co. Int. Plc 26.3
Morgan Stanley & Co. Llc 14.3
VPF Nordea Kapital 4.3
KLP Aksjenorge 3.8
The Bank of New York Mellon SA/NV 3.7
VPF Nordea Avkastning 3.1
Kommunal Landspensjonskasse 2.7
Verdipapirfondet Pareto Investment 2.7
Citibank, N.A 2.2
MP Pensjon PK 1.9
Total (Top ten shareholders) 65.0

Products

Passenger cars
Interior Comfort
-Seat support systems

  • Pneumatic lumbar support
  • Mechanical lumbar support
  • Massage systems
  • Bolster systems

-Seat climate systems

  • Seat heating solutions
  • Seat ventilation solutions
  • Electronic control units

-Arm rests
-Head restraints
-Cables and actuators

Driveline
-Shift-by-wire systems
-Rotary actuators
-Linear actuators
-Shift towers
-Automatic transmission shifters
-Knobs
-Manual transmission shifters

Fluid transfer systems
-Air suspensions
-Fuel distribution systems
-High-performance fuel lines
-Fluoro-Comp hose which bonds fiberglass braid to a PTFE liner
-Engine vacuum harnesses and Breathers
-Hydraulic brakes hoses
-Vacuum brake booster lines
-Transmission oil coolers
-Flexible oil and coolant hoses for turbochargers

On-Highway
Driver Control
-Manual transmission throttle pedals
-Displays
-Electronics
-Clutch actuation systems

  • Complete systems
  • Automated manual transmission external actuators
  • Hoses
  • Slave cylinders
  • Master cylinders
  • Clutch servos
  • Pedal boxes

-Gear Shift Systems

  • Servo shifts
  • Manual transmission cable shifters
  • Automated manual transmission shifters
  • Optionals
  • Foldable gearlevers
  • Knobs
  • Cables
  • ATrAct gear control unit

Chassis
-Other chassis stabilizers
-V-stays
-Cabin anti-roll bars

Fluid Transfer
-Fluid transfer assemblies
-Air couplings

History

1957 Production commenced under an agreement with Volvo to produce brakes for Volvo trucks. Since then, many components and systems have been added to its product range. In the mid-1970's, the Company opened two factories―one in Hvittingfoss and one in Rollag. Business grew and more products were added, so that the Company began developing its own products in the 1980's.
1987 Established in Norway as a continuation of the former Kongsberg Vapenfabrikk's automotive parts industry.
1997 Acquired EuroAutotech AB, a single source supplier of automatic gear shifters for Volvo.
1997 AT clutch activities were segregated to a separate public company―Kongsberg TechMatic.
1998 Sold its 14% stake in Kongsberg TechMatic to LuK, the German clutch and flywheel manufacturer, for NOK 9 million. LuK supplies the automatic clutch system used on the Mercedes-Benz A-class.
2000 Announced that it will construct a heating seat plant in Poland.
2000 Established a technology center in Livonia, Michigan, U.S. The center embraces the skills and capacity to service the gearshift market in the U.S. The first contract was entered into early in 2001 and deliveries will start in 2003.
2001 Acquired Jung Ang in South Korea as of 2 April 2001. JA manufactures clutch servos for the Asian markets.
2003 Acquired Ctex, a leading producer of seat support systems.
2004 Acquired Raufoss United, an Europe's leading supplier of air brake couplings.
2005 Acquired the Intier factory located in Millan, Tennessee, a maker of head restraints and armrests.
2007 Acquired Teleflex Global Motion Systems, USA.
Apr. 2014 Acquired 100% ownership in ePower Nordic AB, a joint venture between the Company and QRTECH AB.
Nov. 2017 Announced that its ePower business will be acquired by Preh, Ningbo Joyson Electronic's subsidiary in Germany.

Supplemental Information 1