- CEO
- Trond Fiskum
- Full Time Employees
- 4,714
- Sector
- Consumer Cyclical
- Industry
- Auto - Parts
- Address
- Dyrmyrgata 48 Kongsberg Norway 3611
- IPO Date
- Feb 22, 2012
- Business
- Kongsberg Automotive ASA develops, manufactures, and sells engineered automotive components and systems worldwide, specializing in drive control systems and flow control systems for passenger cars, commercial vehicles, and off-highway applications. The company offers pneumatic and electric actuation systems for gear control and clutch actuation; steering column modules; pedals and throttles for off-highway use; air brake and air suspension couplings; clean powertrain fluid assemblies; chassis and battery coolant solutions; driver and motion control systems; and fluid transfer products, serving original equipment manufacturers and Tier 1 suppliers across powertrain, chassis, and specialty product segments. Founded in 1957 and headquartered in Kongsberg, Norway, Kongsberg Automotive operates approximately 32 facilities in 17 countries with a workforce of around 4,700 full-time equivalents and reported annual revenues of EUR 788 million in 2024. Recent developments include the initiation of a comprehensive turnaround program in Q2 2025 featuring a EUR 15 million annual cost reduction initiative, organizational restructuring, and the strategic acquisition of the remaining 75% stake in Chassis Autonomy SBA AB to bolster steer-by-wire technology for electric and autonomous vehicles; wins of new contracts such as a EUR 20 million lifetime revenue award in the fast-growing EV segment and extensions valued at EUR 58 million and over EUR 21.5 million; and consolidation of Swedish operations into a competence center in Mullsjö highlighted by a visit from Sweden's Infrastructure Minister in September 2025.