As stated during its 2016 capital markets day, Kongsberg Automotive (“KA”) is reviewing its product portfolio. As a result of this, KA is considering to divest its ePower business. Consequently, KA has entered into negotiations with a potential buyer to divest its ePower business which is headquartered in Sweden. KA’s ePower business develops, manufactures and markets on board chargers for the vehicle industry and currently has 20 employees. This business generated less than 1 million Euro in revenues in 2016.
Investors/analysts:
Norbert Loers, Chief Financial Officer; mobile: +41 79 159 68 16
About Kongsberg Automotive:
Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of around EUR 1.0 billion and 10,000 employees in 19 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Switzerland and has 28 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com
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