Kongsberg Automotive gjennomfører salget av Interior Comfort Systems til Lear Corporation

Kongsberg Automotive gjennomfører salget av Interior Comfort Systems til Lear Corporation

Zürich, 28. februar 2022: Kongsberg Automotive (KA) har gjennomført salget av deres Interior Comfort System (ICS) enhet til Lear Corporation (‘Lear’) etter at salget ble godkjent av den Europeiske Kommisjonen fredag 25 februar, 2022.

ICS enheten leverer klimasystem for seter og komfort systemer til store bil- og seteprodusenter. Lear og KA inngikk en avtale om salget den 28. oktober 2021, og transaksjonen ble gjennomført 28. februar 2022 til en pris på EUR 175 millioner.

«Vi takker begge teamene for en smidig transaksjon. Det blir spennende å se hvordan ICS blir videreutviklet hos Lear og jeg ønsker alle parter stor suksess. Etter dette salget vil KA fokusere på å styrke vår gjenværende produktportefølje og jobbe videre med fremtidens mobility løsninger for å bli ledende i alt vi gjør» sier Xxxxx Xxxxxxxx, President & CEO i Kongsberg Automotive.

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 seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products. Find more information at: xxxxxxxxxxxxxxxxxxx.xxx.

About Lear Corporation

Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Xxxx’x diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 179 on the Fortune 500. Further information about Lear is available at xxxx.xxx or on Twitter @LearCorporation.

For ytterligere informasjon:

Media contact:

Xxxxxxx Xxxxx xxxxxxx.xxxxx@xx-xxxxx.xxx

Investor contact:

Xxxxx Xxxxxxxxx xxxxx.xxxxxxxxx@xx-xxxxx.xxx

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.

Forward-looking statements

This announcement contain forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "should" and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, which in turn may be based on further assumptions. Although Kongsberg Automotive believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors that are difficult or impossible to predict and are beyond its control. Various factors could cause Kongsberg Automotive's actual results to differ materially from those projected in a forward-looking statement. No assurances can be given that the assumptions underlying the forward-looking statements prove to have been correct. Kongsberg Automotive disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.