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