Kongsberg Automotive ASA

Company Profile

■URL

https://www.kongsbergautomotive.com/

■Address

Dyrmyrgata 48, 3611 Kongsberg, Norway

Business Overview

-The Company is a supplier that develops and manufactures drive and motion control systems, fluid and thermal management systems, air management systems, and industrial driver interface products for the automotive, commercial vehicle, and off-highway markets.

-As of January 1, 2024, the Company is organized into two business segments: Drive Control Systems (DCS) and Flow Control Systems (FCS). Each business segment is further divided into various business units as follows:

Drive Control Systems: the DCS segment develops and produces products for the automotive and the off-highway industry. Products include pneumatic and electric actuation systems for gear control and clutch actuation, steering column modules, and pedals and throttles for off-highway applications.
Flow Control Systems: the FCS segment develops and manufactures products for the automotive and commercial vehicle market, as well as industrial applications. Portfolio includes couplings for air brake and air suspension systems, clean powertrain fluid assemblies, and chassis and battery coolant solutions.

-In addition, from 2024, the Company’s Driveline business (excluding electric actuators) is no longer considered part of the Company’s core business and is reported under other operations. Following the adoption of this new segment structure, the financial figures for the fiscal year ended December 31, 2023, have been restated accordingly to reflect this change.

-More than 70% of the Company’s global sales come directly from OEM vehicle manufacturers. The remaining 30% of sales are generated through Tier 1 suppliers, distributors, and industrial OEMs for its PTFE assembly portfolio.

Competitors
-Dura
-Ficosa
-Knorr-Bremse
-Kostal
-ZF
-Cooper Standard
-Suprajit
-Voss Automotive

Shareholders

-The Company is listed on the Oslo Stock Exchange.

(As of Dec. 31, 2024)

Shareholders	Ownership (%)
Apollo Asset Limited	12.0
Nordnet Bank AB	4.2
Saxo Bank A/S	3.9
Skandinaviska Enskilda Banken AB	3.0
Kongsberg Automotive ASA	2.3
Christoffersen Arild Vigen	1.5
Danske Bank A/S	1.4
Commuter 2 AS	0.8
Kransekakebakeren AS	0.7
UBS Switzerland AG	0.6
Total (Top ten shareholders)	30.4

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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
-Electric actuators

Fluid control 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
-Multi valves for thermal management systems
-Clean powertrain fluid assemblies
-Chassis coolant lines
-Battery coolant lines
-Fuel cell coolant lines

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
Electronic gear shift actuators
Shift-by-wire shifters

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
Chassis coolant lines
Battery coolant lines
Fuel cell coolant lines

Couplings
-Air couplings

ABC hose module with twistlock for air braking systems
Raufoss ABC system
Raufoss ABC push-in
Raufoss ABC KArtridge
Raufoss ABC manifold and multiconnectors

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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.
May 2024	Reestablished headquarters in Kongsberg, Norway.