Zurich, February 25, 2022: The European Commission has authorized the sale of
Kongsberg Automotive's Interior Comfort Systems (ICS) business unit to Lear
Corporation today.
The ICS business unit supplies seat climate and comfort systems to major car and
seat manufacturers. The closing of the transaction is due to take place on
February 28, 2022.
About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. With approximately
11,000 employees in 19 countries, Kongsberg Automotive is truly an international
supplier of automotive technology. The company has more than 27 production
facilities worldwide. Our product portfolio includes driver and motion control
systems, fluid assemblies, and industrial driver interface products. Find more
information at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/).
Media contact:
Kongsberg Automotive
Therese Sjoborg Skurdal
therese.skurdal@ka-group.com
+47 982 14 059
The information in this announcement is considered inside information pursuant
to the EU Market Abuse Regulation and is subject to the disclosure requirements
pursuant section 5-12 of the Norwegian Securities Trading Act. This announcement
was published by Kongsberg Automotive's investor relations contact.
Forward-looking statements
This announcement contain forward-looking statements. Forward-looking statements
are statements that are not historical facts and may be identified by words such
as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will",
"may", "should" and similar expressions. The forward-looking statements in this
announcement are based upon various assumptions, which in turn may be based on
further assumptions. Although Kongsberg Automotive believes that these
assumptions were reasonable when made, these assumptions are inherently subject
to significant known and unknown risks, uncertainties, contingencies and other
important factors that are difficult or impossible to predict and are beyond its
control. Various factors could cause Kongsberg Automotive's actual results to
differ materially from those projected in a forward-looking statement. No
assurances can be given that the assumptions underlying the forward-looking
statements prove to have been correct. Kongsberg Automotive disclaims any
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.