The European Commission authorizes the sale of Kongsberg Automotive’s Interior Comfort Systems business unit

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.

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

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