KONGSBERG AUTOMOTIVE TAKES MOMENTOUS STEP INTO THE FUTURE DIVESTMENT OF THE INTERIOR COMFORT SYSTEMS BUSINESS UNIT
Zurich, October 28, 2021: Kongsberg Automotive ASA (“Kongsberg Automotive”) has entered into an agreement for the sale of substantially all of the Interior Comfort Systems (“ICS”) business unit to Lear Corporation (“Lear”), as Kongsberg Automotive is currently realigning its business priorities. The ICS business unit supplies seat climate and comfort systems to all major car and seat manufacturers. Lear, a well-respected leader in the automotive industry has been a highly valued business partner of Kongsberg Automotive for many years. The two companies entered into a master sale