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Electronics Production | October 23, 2017

KA flags for possible divestiture of ePower

During Kongsberg Automotive’s (KA) 2016 capital markets day the company said it was reviewing its product portfolio. As a result of this, KA is considering to divest its ePower business.
Consequently, KA has entered into negotiations with a potential buyer to divest its ePower business which is headquartered in Sweden. KA’s ePower business develops, manufactures and markets on board chargers for the vehicle industry and currently has 20 employees. This business generated less than EUR 1 million in revenues in 2016.

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November 14 2017 8:30 PM V8.8.9-2