Kongsberg Automotive

Kongsberg Automotive's Couplings business unit looks to future growth

Kongsberg Automotive's Couplings business unit is expanding by 900 sq meters in

Raufoss.

This expansion is part of the growth strategy-Couplings is looking to double its

turnover in four years and quadruple by 2030.

Raufoss is the center for the research and development of compressed air

couplings. Raufoss' team develops products and processes both for production in

Norway and in facilities around the world.

Kongsberg Automotive targets to use 100 percent renewable energy in all the

company's facilities by 2030. The Couplings site in Raufoss already meets that

target. This gradual expansion in Raufoss has been an energy-efficient

process-it means that the total consumption of electricity and water stays the

same. This will have a direct impact and positive effect on the plant's climate

footprint. As a company, Kongsberg Automotive has also committed to producing

emission-free products by 2039.

This expansion means safer working conditions for the plant workers, as well as

more efficient logistics. Future growth will create new job opportunities in all

areas, including engineering, sales, technical departments as well as plant

operations.

"The Couplings business unit has experienced great success in the market and

will continue to deliver growth above market rates. This expansion in our plant

in Raufoss is just one of the important strategic decisions made to ensure that

we are prepared for future growth and new markets," says Linda Nyquist-Evenrud,

Senior Vice President of Couplings.

Media

contact

Therese Sjoborg

Skurdal

[email protected] (mailtotherese.skurdal@ka

-group.com)

Investors/analyst contact

Jakob Bronebakk

About Kongsberg Automotive ASA

Kongsberg Automotive provides world-class products to the global vehicle

industry. Our products enhance the driving experience, making it safer, more

comfortable, and sustainable. With approximately 11,000 employees in 19

countries, Kongsberg Automotive is truly a global supplier. The company has more

than 27 production facilities worldwide. The product portfolio includes seat

comfort systems, driver and motion control systems, fluid assemblies, and

industrial driver interface products developed for global vehicle manufacturers.

Find more information at www.kongsbergautomotive.com.

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