Add-on Acquisition • Automotive

Kongsberg Automotive Acquires Chassis Autonomy

On July 1, 2023, Kongsberg Automotive acquired automotive company Chassis Autonomy

Acquisition Context

This is Kongsberg Automotive’s 1st transaction in the Automotive sector.
This is Kongsberg Automotive’s 1st transaction in Sweden.

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M&A Deal Summary
Date	July 1, 2023
Target	Chassis Autonomy
Sector	Automotive
Buyer(s)	Kongsberg Automotive
Deal Type	Add-on Acquisition

Target Company

Chassis Autonomy

Trollhättan, Sweden

Chassis Autonomy develops steer-by-wire road wheel actuators and holds 31 patents (granted and pending), along with a unique portfolio of intellectual property. In a steer-by-wire system, the actuator uses electronic signals to control the steering of a vehicle, replacing traditional mechanical linkages. Chassis Autonomy is based in Trollhättan, Sweden.

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Buyer Overview 1

Buyer

Kongsberg Automotive

Kongsberg, Norway

Category	Company
Founded	1957
Sector	Automotive
Employees	4,664
Revenue	788M EUR (2024)

DESCRIPTION

Kongsberg Automotive is a niche auto components supplier with a strong market position in seat heating, clutch actuation and automatic/hydraulic gearshift systems. Customer segments include the car industry and commercial vehicles. Kongsberg Automotive was founded in 1957 and is based in Kongsberg, Norway.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Automotive	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Sweden	1 of 1
Year: 2023	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-10-28	Kongsberg Automotive - Interior Comfort Systems Business Unit Kongsberg, Norway Kongsberg Automotive's ICS business unit specializes in comfort seating solutions, with a leadership position in seating product areas experiencing growth within the auto industry massage, lumbar, seat heat, and ventilation.	Sell	€175M

DATE

TARGET

DEAL TYPE

VALUE

2021-10-28

Kongsberg Automotive - Interior Comfort Systems Business Unit

Kongsberg, Norway

Kongsberg Automotive's ICS business unit specializes in comfort seating solutions, with a leadership position in seating product areas experiencing growth within the auto industry massage, lumbar, seat heat, and ventilation.

Sell

€175M

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