Kongsberg Automotive

KA seeks to close its manufacturing facility in Heiligenhaus, Germany

Kongsberg Automotive presented a substantial cost restructuring plan late last

year which includes reducing the manufacturing footprint from 31 to 25

facilities, mainly within the Powertrain and Chassis products segment in Europe.

As part of this plan, the company announced that the Basildon plant will be

closed.

Further, it has now been decided that the Heiligenhaus plant will also be among

the production facilities that will be closed, and that the Company has now

initiated the negotiations with the Works Council to agree on the balance of

interest and social plan for all affected employees.

The Heiligenhaus facility, which has 56 employees, manufactures and supplies

vehicle control systems; it provides quality engineered Shifter Controls and

Cables, Conduit and Core, for the world's top makers of commercial vehicles.

Investors / analysts:

Philippe Toth, EVP Vice President, Business Development & IR

Tel: +47 98214021

Media:

Fredrik Tangeraas, Director, Corporate Communications

Tel: +47 92464699

About Kongsberg Automotive:

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 revenues of ca. EUR 1.0 billion and 10.000

employees in 18 countries, Kongsberg Automotive is truly a global supplier. The

company is headquartered in Switzerland and has 31 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

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