Kongsberg, August 12, 2025: Kongsberg Automotive (KA) announces today that it
has, through its subsidiary Kongsberg Automotive AS, decided to exercise its
call-option to acquire the remaining 75% of the shares in Chassis Autonomy SBA
AB (CA). Following the transaction, KA will hold 100 % of the shares in CA and
the transaction is planned to be completed this week. This acquisition marks a
strategic bid on steer-by-wire and is the result of a long-standing and
successful collaboration between the two companies.

The steer-by-wire market is projected to grow substantially over the next
decade, with estimates reaching EUR 3.5 billion by 2035*. Through this
acquisition, KA aims to secure a meaningful share of this fast-expanding
segment.

"This acquisition aligns well with our strategic ambitions and capabilities and
will enhance our offering in the electric and autonomous vehicle market," says
Trond Fiskum, President & CEO of Kongsberg Automotive. ", We position KA for
long-term growth within fast growing product and market segments and reinforce
our commitment to innovation, sustainable mobility, and to create value for our
shareholders."

CA will continue its operations in Trollhättan, Sweden, and the acquisition
ensures continuity for employees and customers, while unlocking new
opportunities through KA's global reach and resources.

"We have had a close and constructive partnership with KA for several years, and
I am very pleased to now welcome them as our new owners, " says Peter Johansson,
Founder and CEO of CA. "This is a strong vote of confidence in our business, our
people, and our future."

*Industry sources, KA estimates.


Media contact:
Therese Sjöborg Skurdal - Director Group Marketing and Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact:
investor.relations@ka-group.com

About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information at:
kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

About Chassis Autonomy
Chassis Autonomy, based in Trollhättan, Sweden, develops steer-by-wire road
wheel actuators and holds 31 patents (granted and pending), along with a unique
portfolio of intellectual property.
In a steer-by-wire system, the actuator uses electronic signals to control the
steering of a vehicle, replacing traditional mechanical linkages. This
technology ensures continued steering functionality even in the event of a
system failure. Find out more information at:
chassisautonomy.com (https://www.chassisautonomy.com/)