KONGSBERG AUTOMOTIVE TO DIVEST ITS LDC BUSINESS UNIT TO SUPRAJIT ENGINEERING LIMITED
Zurich, October 28, 2021: Kongsberg Automotive ASA (“Kongsberg Automotive”) has entered into an agreement for the sale of the Light-Duty Cables (“LDC”) business unit to Suprajit Engineering Limited (“Suprajit”). The LDC business unit is engaged in the development and manufacture of mechanical and electro-mechanical light-duty cables mainly used in on-highway and off-highway applications. This transaction is a part of the transformational ‘Shift Gear’ program at Kongsberg Automotive. It seeks to improve performance, optimize and future-proof the product portfolio as well as enable