Kongsberg Automotive ASA

Company Profile

■URL

https://www.kongsbergautomotive.com/

■Address

Europaallee 39, 8004 Zurich, Switzerland

Business Overview

-A leading parts supplier based in Norway. Operates through two divisions, Powertrain & Chassis and Specialty Products.

Business Unit Business Fields
Powertrain & Chassis Division -Provides gearshift systems for automatic and manual transmissions, clutch actuation, and advanced vehicle dynamics.
Specialty Products Division -Fluid handling systems for passenger and commercial vehicles, coupling systems for compressed air circuits of heavy-duty vehicles, and other products for construction, agriculture, outdoor power systems.
Interior Division -The company operated in the Light-Duty Cables and Comfort System business units, each of which was sold.

-In the Interior Division, the Interior Comfort Systems (ICS) business was sold to Lear (February 2022), and the Light-Duty Cables business was sold to Indian company, Suprajit Engineering Limited (April 2022).

Shareholders

-The Company is listed on the Oslo Stock Exchange. (As of Dec. 31, 2021)
Shareholders Ownership (%)
Morgan Stanley & Co. International
21.3
Nordnet Bank AB 4.6
Teleios Global Opportunities Master 2.4
Danske Bank A/S 1.8
Saxo Bank A/S 1.7
Verdipapirfondet Nordea Norge Verd 1.5
Nordnet Livsforsikring AS 1.4
Arild Vigen Christoffersen 1.2
Verdipapirfondet KLP Aksjenorge 0.8
Verdipapirfondet Nordea Kapital 0.7
Total (Top ten shareholders) 37.4

Products

Passenger cars
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

  • Fuel line
  • Ultra high performing fuel line
  • Oil coolant line
  • Oil actuation line
  • Twin turbo drain
  • Twin turbo feed
  • Emission control line
  • Valve actuation line
  • Air compressor line
  • Water coolant line
  • Brake line

Couplings
-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.
Nov. 2018 Completed to sell the ePower business unit to Preh GmbH.
Feb. 2022 Completed to sell the Interior Comfort Systems (ICS) business unit to Lear Corporation.
Apr. 2022 Completed to sell Light-Duty Cables business to Suprajit Engineering Limited.

Supplemental Information 1