Kongsberg Automotive ASA

Based in Switzerland, KA Group AG specializes in designing advanced mobility solutions, focusing on innovative systems and components for the automotive sector. KA Group AG, headquartered in Switzerland, is known for developing integrated mobility solutions for the automotive industry. Founded in 1957, the company has undergone strategic changes over the years, including the acquisition of various business units. It raised NOK 450.

000 mn in a SECONDARY BUYOUT in 2021, with FSN Capital as the investor, totaling NOK 450. 000 mn raised. The leadership team includes CEOs Joerg Buchheim and Robert Lenz. Kongsberg Automotive specializes in advanced mobility solutions, with a core focus on innovative products such as their fail-operational steer-by-wire system, powertrain solutions, thermal management technologies, and fluid transfer systems.

These products enhance vehicle safety, efficiency, and sustainability in the automotive sector. The steer-by-wire technology replaces traditional mechanical systems, facilitating precise vehicle control and supporting the development of autonomous driving solutions. Kongsberg's offerings serve a diverse clientele, including commercial vehicle manufacturers and passenger car producers across European, North American, and Asian markets. Kongsberg Automotive reported annual revenues of EUR 713 mn for the year 2019, generating an EBITDA of EUR 123.

70 mn. Revenue is primarily derived from B2B transactions with automotive manufacturers, involving integrated systems and components tailored to specific vehicle designs. Flagship products, such as the steer-by-wire system, are sold directly to OEMs and are integral to new vehicle production, supported by partnerships with major automotive companies. Kongsberg Automotive is focused on expanding its product offerings, with new designs currently underway and expected to be launched in the upcoming quarters.

The company aims to penetrate additional markets, particularly in North America and Asia, by mid-2022. Recent funding from the NOK 450. 000 mn SECONDARY BUYOUT is expected to support these expansion efforts, alongside the strategic sale of its Light-Duty Cables business unit to Suprajit Engineering, which is anticipated to finalize in early 2022.