Kongsberg Automotive ASA

Company Profile

■URL

https://www.kongsbergautomotive.com/

■Address

Europaallee 39, 8004 Zurich, Switzerland

Business Overview

-The Company is a leading automotive supplier that provides parts and systems for the passenger car, commercial vehicle and off-highway vehicle markets.

-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.

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, 2022)

Shareholders	Ownership (%)
Morgan Stanley & Co. International Plc. (UK)	21.3
Kongsberg Automotive ASA	9.0
Nordnet Bank AB	3.4
Morgan Stanley & Co. International Plc. (Cayman)	2.4
Saxo Bank A/S	1.6
Citibank, N.A.	1.4
Arild Vigen Christoffersen	1.4
Nordnet Livsforsikring AS	1.2
Danske Bank A/S	1.2
Verdipapirfondet Nordea Norge Verd	0.9
Total (Top ten shareholders)	43.8

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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
-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
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 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

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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.