Kongsberg Automotive ASA

Company Profile

■URL

https://www.kongsbergautomotive.com/

■Address

Dyrmyrgata 48, 3611 Kongsberg, Norway

Business Overview

-The Company is a supplier which develops and manufactures powertrain and chassis solutions for the automotive and mobility markets. The Company also provides air and fluid management solutions for the automotive industry as well as steering columns and mechatronic driver controls for off-highway vehicles.

-The Company is organized into two business segments: Powertrain & Chassis (P&C) and Specialty Products. Each business segment is further divided into various business units as follows:

Powertrain & Chassis: Comprised of the Driveline and On-Highway business units, the P&C segment develops and manufactures driver control and driveline products for the passenger and commercial vehicle markets. Products include cable controls, complete shift systems, clutch actuation systems, vehicle dynamics, shift cables and shift towers.
Specialty Products: Comprised of the Flow Control Systems and Off-Highway business units, the Specialty Products segment develops and manufactures fluid handling systems for the passenger and commercial vehicle markets, coupling systems for compressed-air circuits in heavy-duty vehicles, and operator control systems.

-In 2022, the Company completed the strategic divestment of its Interior business segment, selling the Interior Comfort Systems business unit to Lear in February 2022 and selling the Light-Duty Cables business unit to Suprajit Engineering Limited in April 2022. During the fourth quarter of 2022, the Company merged the Couplings business unit and the Fluid Transfer Systems business unit to create the Flow Control Systems business unit, which came into effect for reporting starting January 2023.

-In the fourth quarter of 2023, the Company announced the merger of the Powertrain & Chassis business segment with the Off-Highway business unit, forming the Drive Control Systems business unit. The Company’s new operating structure, comprised of the Drive Control Systems and Flow Control Systems business segments, came into effect on January 2024. The operational restructuring is not reflected in the financial figures and information for the fiscal year ended December 31, 2023. In addition, starting in 2024, the Company’s Driveline business will no longer be considered part of the Company’s core business and will be reported under other operations.

Competitors
Powertrain & Chassis Products
-Dura
-Ficosa
-Knorr-Bremse
-Kostal
-ZF

Specialty Products
-Cooper Standard
-Suprajit
-Voss Automotive

Shareholders

-The Company is listed on the Oslo Stock Exchange.

(As of Dec. 31, 2023)

Shareholders	Ownership (%)
Morgan Stanley & Co. International Plc. (UK)	23.9
Saxo Bank A/S	3.7
Nordnet Bank AB	3.5
Citibank, N.A.	2.2
Arild Vigen Christoffersen	1.5
Nordnet Livsforsikring AS	1.4
Danske Bank A/S	1.3
Kongsberg Automotive ASA	1.1
Verdipapirfondet KLP Aksjenorge	0.8
Morgan Stanley & Co. International Plc. (Cayman)	0.8
Total (Top ten shareholders)	40.2

Access the latest exhibition info.
Click for a free trial!

Products

Passenger cars
Driveline
-Shift-by-wire systems
-Rotary actuators
-Linear actuators
-Shift towers
-Automatic transmission shifters
-Knobs
-Manual transmission shifters
-Shift cables
-Gear and clutch controls
-Multi valves for thermal management systems

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
-Electronics
-Clutch actuation systems

Complete systems
Automated manual transmission external actuators
Dog clutch 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
-Vehicle dynamics products for cabin and axle suspension

Fluid Transfer
-Fluid transfer assemblies

Fuel lines
Ultra high performing fuel lines
Oil coolant lines
Oil actuation lines
Twin turbo drains
Twin turbo feeds
Coolant EGR, turbo, doser injectors
Coolant engine, air compressors
Emission control lines
Valve actuation lines
Air compressor lines
Water coolant lines
Brake lines

Couplings
-Air couplings

View latest major parts supplier agreements.
Click for a free trial!

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	Sold Interior Comfort Systems business unit to Lear Corporation for USD 198 million.
Apr. 2022	Sold Light Duty Cables business unit to Suprajit Engineering Limited for EUR 37.7 million. With this transaction, the Company has divested the entirety of its Interior Products business segment.
Nov. 2023	Completed acquisition of Skriverform AS, a company which designs and produces tools for injection molding.
Jan. 2024	Merger of Powertrain & Chassis business segment with Off-Highway business unit to form new Drive Control Systems business segment takes effect.