Board/Management Information • Dec 20, 2023
Board/Management Information
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Kongsberg Automotive forms Drive Control Systems business area
Zurich, December 20, 2023: Kongsberg Automotive ASA (KA) has announced the merge
of its Powertrain & Chassis (P&C) business segment and the Off-Highway business
unit to form 'Drive Control Systems' business area (DCS), which will come into
effect from January 1, 2024. With this change, KA will simplify its company
structure. Going forward, KA will consist of two business areas, Drive Control
Systems (DCS) and Flow Control Systems (FCS).
Under the leadership of Robert Pigg, the current Senior Vice President of the
Off-Highway business unit and now the Executive Vice President of Drive Control
Systems (DCS), the business area is strategically positioned to leverage
collective expertise.
DCS will specialize in supplying a diverse range of products and systems, such
as Actuators, Steer-by-Wire, Shift-by-Wire, Steering Columns, Pedals, Hand
Controls, Head Restraints, and others.
With DCS, KA can better streamline work processes, optimize cost, centralize
product development and business functions. It will also bring together
technological know-how, and years of experience from KA's business units to
boost systems innovation within the company. This structural change will help KA
to further focus on Driver Controls and Powertrain Actuation, while continuously
seeking opportunities to modernize the company's product portfolio, evaluating
the global footprint, right-sizing the company, and actively supporting customer
requirements.
"With the creation of the DCS business area, KA will move a step closer to
becoming a complete systems provider with a strong focus on commercial and off
-highway vehicles," says Linda Nyquist-Evenrud, interim President & CEO of KA
adding, "An integrated business area will allow KA to focus on product
innovation, product line introductions and will fuel synergies between On
-Highway, Off-Highway, Driveline and Headrest businesses."
Following the formation of DCS, Christian Amsel will return to his role as Chief
Technology Officer at KA after successfully serving as the interim Executive
Vice President of the P&C Business Segment. Amsel will continue to drive
innovation and technological advancements within the company.
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. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information at: kongsbergautomotive.com
Media contact:
Therese Sjoborg Skurdal
+47 982 14 059
Investor relations contact:
Mads Langaard
+47 905 81 264
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