Kongsberg Automotive has exercised its call option to acquire the remaining 75% of shares in Chassis Autonomy, securing full ownership and enhancing its strategic position in the growing steer-by-wire market.
Target Information
Kongsberg Automotive (KA), through its subsidiary Kongsberg Automotive AS, has announced the acquisition of the remaining 75% of shares in Chassis Autonomy SBA AB (CA), bringing its total ownership to 100%. This strategic acquisition, which is expected to close within the week, follows a history of successful collaboration between KA and CA in the steer-by-wire segment.
Chassis Autonomy, located in Trollhättan, Sweden, specializes in the development of steer-by-wire road wheel actuators and boasts a significant intellectual property portfolio with 31 patents (both granted and pending). This innovative technology allows for electronic control of vehicle steering, thereby ensuring functionality even if system components fail.
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Industry Overview in Sweden
The steer-by-wire market in Sweden and Europe at large is set for substantial growth, with forecasts predicting the market could reach EUR 3.5 billion by 2035. The shift towar
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