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 of December 31, 2017:

  • Interior
  • Powertrain & Chassis Products
  • Specialty products

-In 2017, the Company reorganized its structure into three business segments: Interior, Powertrain & Chassis Products and Specialty Products.

-The Company's products are used on 20% of all passenger vehicles produced in 2016.

 

-The product portfolio includes seat comfort systems, gear- and clutch control systems, fluid assemblies, and driver interface products developed for global vehicle manufacturers.

Shareholders

-The Company is listed on the Oslo Stock Exchange. (As of May. 7, 2018)

Folketrygdfondet

Shareholders Ownership (%)
Morgan Stanley & Co. International 15.30
MSCO Equity Firm Account 4.10
Morgan Stanley & CO.LLC 4.01
KLP Aksjenorge  3.92
Goldman sachs international 3.81
VPF Nordea Kapital 3.72
VPF Nordea Avkastning 3.02
Folketrygdfondet 3.02
ENNISMORE SMALLER COM PUB LTD COM 2.81
Kommunal Landspensjonskasse 2.71
Citibank, N.A. 2.53
Total (Top ten shareholders) 48.95

Products

Interior Systems
-Head restraints and arm rests
-Seat climate systems
-Lumbar support systems
-Interior trim products
-Seating controls
-Seat support systems
-Seat ventilation systems
-Cables

Driveline Systems
-Gearshift systems
-Shift towers
-Shift-by-wire systems
-Cables
-Knobs and Interior components
-Bulk hoses
-Engineered hose assemblies
-Cable systems
-Rotary actuators
-Transmission shifters

Fluid Transfer Systems
-Pipe/hose assemblies for powertrains
-Engineered hose assemblies
-Air couplings
-Bulk hoses
-Brake lines
-Fuel lines
-Turbo lines
-Oil coolant and actuation lines

Chassis products
-Chassis stabilizers
-V-stay rods
-Cabin anti-roll bars

Driver Control Systems
-Gear and clutch control systems
-Clutch actuation
-Stabilizing rods
-Gearshift systems for commercial vehicles
-Steering columns
-Cables and controls
-Electronics and displays
-Throttle and brake pedals
-Hand controls
-Shift levers and knobs
-Manual transmission cable shifters
-Automated manual transmission shifters
-Slave cylinders
-Mast cylinders
-Pedal boxes

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