Kongsberg Automotive

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Kongsberg Automotive Holding ASA
Company type Allmennaksjeselskap
OSE: KOA
Industry Automotive
Founded24 March 1987
Headquarters Kongsberg, Norway
Area served
Global
Products Automotive parts
RevenueEUR 885 million (2023)
Number of employees
Approximately 5,500 (2023)
Website kongsbergautomotive.com

Kongsberg Automotive Holding ASA is an automotive parts manufacturer founded and headquartered in Kongsberg, Norway. The company produces a broad range of parts with production plants throughout the world. The company is listed on the Oslo Stock Exchange with the ticker symbol KOA.

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History

The company started as a division of Kongsberg Våpenfabrikk in 1957 with an agreement with Volvo to produce brakes for the company's trucks. In the 1970s the division expanded with factories in Hvittingfoss and Rollag. On 24 March 1987, the division was demerged as a separate company. Kongsberg Automotive was acquired by IK Partners (formerly Industri Kapital) through a public offering on the Oslo Stock Exchange in May 1999. [1] IK’s stake was later sold to FSN Capital in August 2001. On 1 January 2008, Kongsberg bought out the automotive division of Teleflex Automotive.

See also

References

  1. ↑ "Kongsberg Automotive I Private Equity Investment I Mid Cap". IK Partners. Retrieved 2024-09-18.
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