Kongsberg Automotive completes the share purchase in Chassis Autonomy, expanding its autonomous driving product portfolio

Yesterday at 04:14 pmZurich , July 11, 2023 : Kongsberg Automotive AS (KA) has signed an agreement to acquire 20% of the shares in Chassis Autonomy SBA AB ( https://www.chassisautonomy.com/) (Chassis Autonomy) via a directed rights issue. Chassis Autonomy has a strong ambition to reach a valuation of USD 1 billion and become a unicorn company in five years. IR & Media Contact: Mads Langaard mads.langaard@ka-group.com +47 905 81 264 About Kongsberg Automotive ASA Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. Find more information at: kongsbergautomotive.com ( https://www.kongsbergautomotive.com/) About Chassis Autonomy Chassis Autonomy is a deep technology start-up with a vision to enable autonomous mobility through actuation. Forward-looking statements This announcement contains forward-looking statements.