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  5. Kongsberg Automotive Acquires Chassis Autonomy

M&A Deal Summary

Kongsberg Automotive Acquires Chassis Autonomy

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

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

M&A Deal Summary
Date 2023-07-01
Target Chassis Autonomy
Sector Automotive
Buyer(s) Kongsberg Automotive
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Kongsberg Automotive

Kongsberg, Norway
Category Company
Founded 1957
Sector Automotive
Employees4,664
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 STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2023 M&A 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
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