Kongsberg Automotive ASA has initiated a strategic turnaround, including a new cost-saving program and the acquisition of Chassis Autonomy, to position itself for long-term growth in the evolving automotive industry.

Information on the Target

Kongsberg Automotive ASA (KA), a prominent player in the global vehicle industry, released its Q2 report on August 12, 2025, detailing significant advancements in its strategy for turnaround and growth. The report underscores KA's commitment to enhancing its financial stability through a series of initiatives aimed at cost reduction and operational restructuring.

The company has embarked on a new cost reduction program projected to yield an annual impact of €15 million. Among other strategic actions, KA has strengthened its leadership team and reshaped its corporate culture, alongside the closure of its Zurich office and consolidation of its Swedish manufacturing facilities. A key aspect of this turnaround is the recent strategic acquisition of Chassis Autonomy, a company specializing in steer-by-wire technology, which positions KA for future developments in the electric and autonomous vehicle sectors.

Industry Overview in the Target’s Specific Country

The automotive industry in Norway is experiencing a transformative phase driven by the global shift towards electrification and sustainability. As the demand for electric vehicles continues to surge, companies like Kongsberg Automot